Latest posts
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Farage Crushes Clacton By-Election With 63% As Comedy Candidates Dominate Longest Ballot In British History
Farage Crushes Clacton By-Election With 63% As Comedy Candidates Dominate Longest Ballot In British History Nigel Farage has romped to victory in the Clacton by-election with 63.3% of the vote, seeing off 33 rivals including Count Binface, who won a quarter of the votes cast, on the longest ballot paper in British electoral history. The…
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Regulated Markets Are Slow to Handle Change
Gowrisankaran, Langer and Reguant have an excellent paper, Energy Transitions in Regulated Markets (WP), in the latest AER. The basic idea is that regulation designed to prevent utilities from building useless power plants can induce them to keep obsolete power plants. Some background. We regulated electric utilities under the theory that they were natural monopolies…
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10 Friday AM Reads
My end-of-week morning reads: • The New Wild West: Texas Experiments With Raw Capitalism: The state’s light regulation and low taxes are luring dozens of big companies. It’s also setting up a water crisis and a “race to the bottom” in shareholder protections. (Barron’s) • Is Artificial Intelligence Making Us More Productive? What the UK Industry Data……
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Wall Street’s riskiest trades are suddenly back on top: Chart of the Day
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Sandisk’s Margins Look Like Software. Can They Last?
Sandisk’s gross margins hit 85% on fixed-price contracts and AI-driven demand, prompting an Argus upgrade, even as bears question if price-led gains can last.
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CAVA Earnings: The Easiest Comp of the Year Meets a Tough Valuation
CAVA shares jumped 14% after Q2 2026 results beat estimates with 9% same-restaurant sales growth, though margins slipped and full-year guidance held steady, leaving valuation questions unresolved.
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The Economics of a Shrinking World
From Jesus Fernandez-Villaverde and Patrick Norrick: As of 2026, humanity is likely below replacement fertility. That has never happened before, not in wars or pandemics. But the real surprise is that the fall has been concentrated in low- and middle-income countries and among poorer and less educated women. We fit a single-factor model to 236…
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The exodus from Israel
Immigration is at the heart of the country’s self-image. But people have been leaving
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The CFPB to Cease Discretionary Publication of Complaint Narratives and Visualizations
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Resort destination mall and hotel file Chapter 11 bankruptcy