Author Archives: Felix

Axios Edge: Only one car company matters

Tesla is the company of the moment — the prime exemplar of just about any big and important trend that you might care about.

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Axios Edge: A new hegemon

All multinational companies and executives need to worry about breaking U.S. law, no matter where they’re based or doing business. Now, they need to worry about Chinese law, too.

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Axios Edge: Swimming in cash

There’s plenty of money. It’s just not moving to where it’s needed. (New jobs, in case you were wondering.)

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Axios Edge: The amorality of finance

The disconnect between economic and moral imperatives lies at the heart of the biggest issues facing America today, from the rising appeal of socialism to the question of how to deal with the coronavirus outbreak.

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The meta-crisis

America’s institutions are failing. They no longer command the respect they need to be effective.

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Axios Edge: Explaining the markets’ insouciance

There is no particular reason why America’s move toward authoritarianism should hurt the markets.

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Axios Edge: Fancy a bet?

Never has the stock market seen so much gambling. 

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Axios Edge: How insurers dodged the crisis

It’s hardly original to point out that the rich have been able to survive this crisis much more easily than the poor — but it still bears repeating. 

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Axios Edge: Saying no to free money

Even when businesses are legally entitled to bailout funds, they will often avoid taking that money when faced with political or popular opprobrium.

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Axios Edge: The crash diet

Regional food is a kind of language. It can die of neglect. Or, it turns out, of COVID-19.

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Axios Edge: Rewriting the rules of finance

A crisis is a terrible thing to waste. The coronavirus crisis is a dress rehearsal for the climate crisis: It will help show us not only what is possible, but also, crucially, whether or not those actions work.

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Axios Edge: America’s other coronavirus superhero

Move over, Anthony Fauci. Fed chair Jay Powell has come into his own in recent weeks, acting with uncommon and entirely unexpected speed and boldness.

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Axios Edge: The arrears economy

Just when you thought the Fed might be out of ammunition, out it comes with another $2.3 trillion from its “super bazooka.”

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Axios Edge: Is there an “on” switch?

What happens after a war? Two weeks ago, I asked that question and came away cautiously optimistic about America’s ability to bounce back from its current crisis. Now, I’m not so sure.

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Axios Edge: The arena of the unwell

The greatest decade in the history of mankind is over. (Well, the greatest bull market, anyway.) The old order changeth, yielding place to new.

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Axios Edge: Who will win the war?

The war we find ourselves in, and one potential winner. Plus the bailout, the rent problem, the dollar’s surge, and my attempt at a coronavirus guide for individual investors.

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Axios Edge: The politicians’ hour has arrived

There are decades where nothing happens; and there are weeks where decades happen.

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Axios Edge: Be careful which war you’re fighting

We’re not in a financial crisis, which means we don’t need the full arsenal of weaponry a financial crisis requires. 

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Axios Edge: Billions going to waste

When the very rich just shuffle money around among one another, it serves no useful purpose.

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Axios Edge: Trump indulges Wall Street

Donald Trump loves Wall Street shenanigans.

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Axios Edge: The biggest threat yet to Fed independence

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

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 … Continue reading

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Axios Edge: America’s new housing crisis

There just isn’t enough housing to go round. 

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Axios Edge: Davos hypocrisy

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

More voters than ever oppose capitalism. 

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