Axios Edge: Trump indulges Wall Street

Posted on February 20, 2020 by Felix

Donald Trump loves Wall Street shenanigans.

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Axios Edge: The biggest threat yet to Fed independence

Posted on February 13, 2020 by Felix

President Donald Trump hasn’t given up on his dream of politicizing the Fed. 

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Axios Edge: Tesla should have gone private

Posted on February 6, 2020 by Felix

Tesla stock has been in Ludicrous Mode for the past few days. Given its bonkers gyrations, it’s now easy to see why CEO Elon Musk might feel that he was right all along in wanting to take the company private back in 2018.

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Axios Edge: America’s new housing crisis

Posted on January 30, 2020 by Felix

There just isn’t enough housing to go round. 

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Axios Edge: Davos hypocrisy

Posted on January 23, 2020 by Felix

This year, as climate change and talk of “stakeholder capitalism” increasingly dominate the public agenda, the gap between why delegates go and why they say they go is wider than ever.

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Capitalism’s discontents

Posted on January 19, 2020 by Felix

More voters than ever oppose capitalism. 

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Axios Edge: BlackRock won’t save the Blue Marble

Posted on January 16, 2020 by Felix

The rise of indexing means that fund management giants like BlackRock and Vanguard are increasingly in a position to prevent the death and displacement of millions of people. 

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Axios Edge: What war is good for

Posted on January 9, 2020 by Felix

Defense spending has accounted for more than 3% of U.S. economic activity in every year since World War II. Think of it as a consistent and predictable fiscal stimulus.

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Axios Edge: Why firing the CEO doesn’t change anything

Posted on January 6, 2020 by Felix

When a CEO is forced out of a company, a lot of people hope and expect big changes. Much like Inigo Montoya in “The Princess Bride,” those people are going to have to get used to disappointment.

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Axios Edge: The last of the heroic technocrats

Posted on December 19, 2019 by Felix

There are, and will be, many other successful and powerful technocrats, many of them just as capable as these two paragons of austerity. But none of them are likely to receive the kind of popular acclaim that Volcker and Rohatyn enjoyed.

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Axios Edge: The end of multilateralism

Posted on December 12, 2019 by Felix

For some 350 years — from the Treaty of Westphalia in 1648, which marked the beginning of the modern system of nation-states — no international court existed. Then, the WTO was created.

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Axios Edge: The plight of the CEO

Posted on December 5, 2019 by Felix

Increasingly, today’s CEO is merely an executive hired by the person who is really in control.

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Axios Edge: The ballad of Taylor and Kylie

Posted on November 21, 2019 by Felix

This was the week that Kylie Jenner ratified her billionaire status beyond any doubt, even as fellow 20-something Taylor Swift found herself continuing to battle The Man over rights to her own work.

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Axios Edge: Tech is eating restaurants’ lunch

Posted on November 14, 2019 by Felix

“The real purpose of digital capitalism is to extract value from the economy and deliver it to those at the top.”

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Axios Edge: Meltdown!

Posted on October 31, 2019 by Felix

The world is angry.

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Axios Edge: Good monopolies — Bad conferences — Broken flywheels

Posted on October 24, 2019 by Felix

1 big thing: The case for exchange monopolies

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Scoop: The grandees headed to Saudi Arabia’s “Davos in the Desert”

Posted on October 23, 2019 by Felix

Never mind the murder of Washington Post columnist Jamal Khashoggi — there’s money to be made. That’s the clear message sent by the list of grandees scheduled to attend the Future Investment Initiative in Riyadh, Saudi Arabia later this month.

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Axios Edge: Parochialism — Philanthropy — Banksy

Posted on October 10, 2019 by Felix

For all that CEOs increasingly talk of their “moral duty to speak up,” those moral duties seem to be left on the tarmac whenever they hop on their corporate jet.

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Axios Edge: Rules — Tweets — Congestion

Posted on September 26, 2019 by Felix

Capitalism works best when everybody is playing by the same rules. Right now we seem to be moving away from that ideal.

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Axios Edge: Unreliable markets — Unreliable do-gooders — Reliable sociopaths

Posted on September 19, 2019 by Felix

Don’t trust the markets.

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Axios Edge: Epstein’s billionaire enablers

Posted on September 12, 2019 by Felix

“‘Jeffrey has friends who owe him favors, and they’ll be making the donations to MIT.’ ‘Favor’ was a word that was used.”

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Jeffrey Epstein’s circles of complicity

Posted on September 7, 2019 by Felix

Dozens of rich and influential men surrounded Jeffrey Epstein. They knew that what they were doing was wrong. That’s why they were so secretive about it.

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Axios Edge: Disintegration — Deductions — Divergence

Posted on September 5, 2019 by Felix

It’s the end of the world as we know it.

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Collectors are now collecting museums, not the other way around

Posted on August 29, 2019 by Felix

Seats on boards offered by major museums are increasingly being used to serve the narrow agendas of the ultra-rich

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Nota bene: Mass shootings

Posted on August 14, 2019 by Felix

I am going to say something very controversial but terrorism is bad.

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