Author Archives: econophysics2020

Escape from New York

NYC commercial real estate on increasingly shaky ground? Well, as Kathy Wylde (Partnership for New York City) told Bloomberg: “All the banks, insurance companies, and hedge funds are considering options.” NYC office space available for rent are now at levels not seen since 2003. Where is everyone going? Florida for starters. Just like Goldman. AsContinue reading “Escape from New York”

Bill Blain on Bonker Markets

“It’s been truly extraordinary. DoorDash, a food delivery company that’s never made a penny profit is worth $70bln? It exists in a no-barriers-to-entry, highly price competitive, and ultimate risk sector – where if Micky D makes a bad burger they get the blame. It’s also a concept that’s shifting on the value curve. Money ain’tContinue reading “Bill Blain on Bonker Markets”

Wire Fraud? Racketeering?

Corrupt Joe in the cross-hairs? Inevitably. “The fact that this is being done in Delaware means everyone in Delaware who has a business connection to Hunter Biden is at risk for getting drawn in. “The FBI and IRS criminal investigators who do these types of investigations are exceptionally good at what they do.  The combinationContinue reading “Wire Fraud? Racketeering?”

Oligarchy – so easily sold, so easily bought

Orwell in 1984: “If you want a picture of the future, imagine a boot stamping on a human face – for ever”. It could be a Chinese Communist Party official. Or, a corporation serving their Chinese Communist Party business associates. Or, a corporation engaging a Chinese Communist Party enterprise. All the same. https://www.theepochtimes.com/facebook-fact-checker-funded-by-chinese-money-through-tiktok_3610009.html?utm_source=share-btn-copylink

Oxford-AstraZeneca COVID Vaccine Results

“When data from the various dosing regimens were combined, the study found that the vaccine was 70% effective at preventing symptomatic coronavirus infections. The standard regimen — two doses of the same strength administered a month apart — had an efficacy of 62%, whereas the regimen with a lower initial dose yielded an efficacy ofContinue reading “Oxford-AstraZeneca COVID Vaccine Results”

Texas Petition: Run Silent, Run Deep

“Each State shall appoint, in such Manner as the Legislature thereof may direct, a Number of Electors, equal to the whole Number of Senators and Representatives to which the State may be entitled in the Congress: but no Senator or Representative, or Person holding an Office of Trust or Profit under the United States, shallContinue reading “Texas Petition: Run Silent, Run Deep”

Lies, Damn Lies, and Statistics

Maybe Chinese exporters are overstating their exports, in general and to the United States. Overstating exports is a classic way of getting capital into a country with capital controls. Or, maybe US tariffs have created a strong incentive for firms importing into the United States to go to some lengths to understate their imports from China. Thus, U.S.Continue reading “Lies, Damn Lies, and Statistics”

Techno-Feudalism and the Road to Serfdom

Pepe Escobar in Asia Times discusses Cedric Durand’s “Techno-Feudalism”: “When it comes to the new property rights of the new Eldorado, all power should be exercised by the Silicon Valley ‘pioneers’, a Narcissus bunch in love with their mirror image as superior Randian heroes. In the name of innovation they should be allowed to destroyContinue reading “Techno-Feudalism and the Road to Serfdom”

The Supremes Are Warming Up in the Bullpen

The accelerated Tuesday filing deadline may signal that the Supreme Court takes Kelly’s case, which was rejected by the Pennsylvania Supreme Court with prejudice last weekend. According to Kelly’s filing, the ‘no-excuse mail-in’ voting scheme should only apply in a limited number of circumstances, and that people must vote in person unless a narrow list of excuses applies.Continue reading “The Supremes Are Warming Up in the Bullpen”