Category Archives: financial regulation

Will the GameStop game stop?

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February 6, 2021 — Whether one thinks that the overall equity market is currently valued properly or not, something very unusual happened in the last week of January to GameStop stock.  Its price rose 323 percent for the week, and 1,700 per cent for the month (that is, an 18-fold increase). This was a speculative bubble. That is, the price departed from fundamentals.

Some investors who got in early and got out early made a lot of money. Just as many people, who got in too late or stayed in too long, lost a lot of money, as valuations came back to earth. read more

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The Next Recession Could Be a Bad One

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August 30, 2018 —  US economic statistics are currently good.  But the next recession could be bad.  

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An Economic Platform for the Democrats

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May 27, 2018 — Democrats are gearing up for the November mid-term elections, in which they hope to take back the US House of Representatives.  Candidates are finding that the voters are not necessarily paying close attention to foreign affairs or even Trump scandals, and are more concerned about “pocketbook issues.”   The conventional wisdom still stands:  underlying the shock election of Mr Trump was the worry by the median household that it has been left behind by globalization and technological change and that the gains have been going to the rich instead. read more

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