Author Archives: Felix

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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Axios Edge: BlackRock won’t save the Blue Marble

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

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

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

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 … Continue reading

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Axios Edge: The end of multilateralism

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

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

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