"In the short run, the stock market is a voting machine, in the long run the stock market is a weighing machine." "The market can remain irrational longer than you can remain solvent."

The inimitable Whitney Webb has produced a new long article showing how many old newspaper articles about Epstein and his co-conspirators have been mysteriously removed from newspaper websites. I have

The fundamental problem with the party is that it is not really very conservative. I am not entirely sure what it is. To the extent that it is anything, it is the alternative to socialism. It's support

Notes for last week. From what I can tell, the following things were important last week: debt continues to grow in the USA. Consumer borrowing much more mortgage debt. This produced a corresponding jump

What Steve noticed happening last week From what I can tell, the following things were important last week: debt continues to grow in the USA. Consumer borrowing much more mortgage debt. This produced

Well, Labour's promises seem to include: creating a mandatory 32-hour working week, increasing the minimum wage to £10 ph, abolishing prescription charges, boosting spending on health and education (of

Scott Galloway nails it in this article in Business Insider. Interestingly, he rates Tesla as much, much less full of shit than many of the recent IPOs that have hit the market. He is not a lone voice,

Well, Labour's promises seem to include: creating a mandatory 32-hour working week, increasing the minimum wage to £10 ph, abolishing prescription charges, boosting spending on health and education (of

John McDonnell is proposing that the working week be dropped to four days. This assumes that there is a fundamental imbalance between employees and employers which is not, presumably, corrected by the