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Falling Is Not Breaking
A trillion dollars leaves the artificial-intelligence giants, a doomed burger chain levitates on a Reddit chant, and…
The Worst Decision of the Day
It’s 4:47 p.m. There’s a proposal on the table that I wanted to send out that very afternoon. Tomorrow…
The Week the Oracle Began to Fall Silent
When Kevin Warsh scrapped the Fed’s forward guidance on Wednesday, he said almost nothing—and yet his actions spoke…
Planet Finance: The Engine Room
The financial market has no patience. While the economic chassis can hide a bad decade behind fine words, the engine…
Have Western economies had their Kodak moment (II)?
Kodak had the technology. So did Nokia. Both chose the dividend of the present over the strategy for the future with…
Fraud is not bad luck – fraud is the receipt
Insurance fraud rarely begins with criminal energy, but rather with open doors in one’s own system. In his…
Have the Western Economies Lived their Kodak Moment (I)?
The shareholders have started to read the annual report. What they find is uncomfortable: where the strategy should be,…
The fear that laughs
We often laugh when something scares us. Not loudly, not hysterically, rather casually, almost charmingly. It is…
The Pillar That Cannot Move
Who will support the modern economy and for how much longer? While the demographic base of Western countries is…
The Narrow Pillar
Concentration, mobility and the modern limits of taxation: the new column shows why income taxes in developed economies…