Author Archives: Felix

In this week’s newsletter, I focus mainly on China and fintech, but I do find space for a fabulous junk-bond chart.

Also in this week’s newsletter: Why America’s so weak on antitrust; more Robinhood revelations; Duolingo files for an IPO; booming stocks; and much more. All in 1,671 words, a 6-minute read.

In this week’s newsletter: Lina Khan vs. big tech; a new future for Fannie and Freddie; the small-business boom; the failure of COVAX; and much more. It’s 1,755 words, a 6.5-minute read.

Welcome to a special edition of Axios Capital, where the whole newsletter is devoted to a single subject.

In this week’s newsletter: Unemployment-claim crime, stablecoins, digital currencies, and NFTs. Also: Housing costs, Chinese EVs, and much more. 

In this week’s newsletter: The differing meanings of inflation, the financial importance of a good story, AMC (of course), unreliable financial advisers, crypto investors, the Libor mess, used-clothes unicorns, and much more. 

In this week’s newsletter, I look at the power of shareholders, focusing on energy and media. It’s bigger than you think — except, of course, at Amazon.

In this week’s newsletter: Making money off the YOLO investing boom; the new Coinbase pay structure; gyrating consumer prices; rich states; ethical companies; ransomware; and much more. All in 1,756 words, a 6.5-minute read.

In this week’s newsletter: Recovering from chaos; the Robinhood debate; the death of Nuzzel; the question marks over the Gates Foundation; Peloton’s woes; David Swensen; and much more. All in 1,844 words, a 7-minute read.

In this week’s newsletter: What to make of the Super League fiasco; how green finance went mainstream; how banks aren’t lending, or hiring senior Black executives; the hottest experiential artist; excessive executive pay; and much more.

In this week’s newsletter: Coinbase, dogecoin, Tiger, Madoff, housing, renting, and much more. 

In this week’s newsletter: Active trading, corporate taxes, stupidly expensive art, pandemic rebounds, fintech outperformance, and a mea culpa. 

In this week’s newsletter: Archegos, Greensill, Miley Cyrus, Morphosis, Alan Turing, Harriet Tubman, infrastructure, secret loans, NFTs, and much more. 

The fever still rages — but never has it been more certain that by this time next year, and probably much earlier, the delirium will have broken.

In this week’s newsletter, I look at the differences between how the U.S. and Europe are approaching the current coronavirus wave; the weirdness that is the current stock market; Visa’s status as a monopoly; the sale of Supreme; podcast wars; … Continue reading →

A GDP report for the ages; how dual interest rates can save the world; Africa’s funding gap; PetSmart loses Chewy; Google’s app rebrand; an unusual Sotheby’s auction; and much more.

Auctions make the world better

The fideist slogan credo quia absurdum (“I believe because it is absurd”) is the best way to make sense of the Trump administration.

Our febrile world is not normal.

It’s the rebound economists didn’t see coming.

America’s cities are facing a historic shortage of two vital resources: money and immigrants.

There have been moments of market euphoria in the past, moments when stocks stop being a serious mechanism for the allocation of scarce capital, and start being a fun, positive-sum casino.  There have also been moments of national crisis, with tens of … Continue reading →

A few weeks ago, while I was going for a walk in the woods, I came up with a thought experiment. Later, I tweeted it out, and later still, I asked the listeners of Slate Money to write in with … Continue reading →

Today is a truly historic day in Fed history — one that will have a transformative effect on U.S. monetary policy for the foreseeable future.

The age of ever-growing deficits has devastated one group of government entities in particular — the ones that have historically been self-sufficient, funding themselves directly from their own revenues.