Tag: Market inefficiencies

Ray Dalio: Capitalism Isn’t Working

By Chris Becker. Originally published at MacroBusiness It’s always interesting to hear mega-capitalists complain about the very system that provides them opportunity to turn their talents into Scrooge McDuck size piles of cash. Furthermore, it’s usually the most successful that have the most liberal of views and Ray Dalio, head of […]

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Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership

Lambert here: Even I know what a lemon market is! By Steven Pressman, Professor of Economics, Colorado State University. Originally published at Alternet. Stocks have been slumping on a variety of concerns, from President Donald Trump’s ongoing trade war with China to worries about an economic slowdown and rising interest […]

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Why I Have Given Up on Powell’s Books

In comments, I’ve regularly advocated for avoiding using merchants that engage in poor labor practices. That includes companies like WalMart, Amazon, and Uber.1 But in my search for alternatives, it was so difficult to complete transactions at the independent bookseller Powell’s that I can’t recommend them. For those of you […]

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Marshall Auerback: Apple Has an Early Case of GE’s Disease

By Marshall Auerback, a market analyst. Produced by the Independent Media Institute The boom witnessed in the U.S. equity market over the past few years has begun to echo the latter stages of the high tech bubble of the early 2000s, right down to the investor interest ultimately gravitating toward […]

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The Missing Profits of Nations

Lambert here: “Close to 40% of multinational profits were artificially shifted to tax havens in 2015.” Holy moly! By Thomas Tørsløv, PhD student, University of Copenhagen and Ministry of Taxation, Denmark, Ludvig Wier, PhD candidate, University of Copenhagen, and Gabriel Zucman, Gabriel Zucman. Originally published at VoxEU Between 1985 and 2018, the global average statutory […]

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Did Small-Time City Operator Nigel Farage Trade His Way Into a Fortune in the Brexit Vote?

By Lambert Strether of Corrente Bloomberg has an entertaining and well-reported story on how hedgies made a packet on the Brexit vote: “Brexit’s Big Short: How Pollsters Helped Hedge Funds Beat the Crash.” I’m going to take it to pieces, and re-arrange it in a new pattern, so you might consider clicking through and reading […]

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