Fearless commentary on finance, economics, politics and power

The Fed just told everyone to assume the brace position.

By Lambert Strether of Corrente. Time: 8:00PM-10:00PM ET Place: CNN’s studio in Washington, DC Hosts: CNN, CNN en Español, CNN International, and Univision Moderators: CNN’s Dana Bash and Jake Tapper; Univision’s Ilia Calderón. Candidate line-up: Joe Biden (former Vice President) Bernie Sanders (Senator from Vermont) (I can’t find which candidate will be on the right […]

A predator needs many enablers. We only need to turn one.

Exxon flares more gas than any other company in the Permian Basin, America’s most prolific oil field, emitting massive volumes of greenhouse gases as well as toxic pollution that fouls the air in West Texas.

Jeff Bezos continues to abuse his workers, this time (or more accurately, again) at Whole Foods.

Yves here. The admission that the US, even if it had coronavirus test results, lacked the institutional capacity to do contact tracing, is a stunner. Gee, we supposedly live in a world of AI and big data, but our Silicon Valley gearheads can’t come close to what China has done? But we can find the […]

Today’s Water Cooler:

Looking at COIVD-19 impacts.

Looking at COVID-19 R0s.

CalPERS apparently needs to take a bath on its legacy assets.

Citi is doing a number on its own and the Mastercard brand name with cringe-makingly inept and dishonest credit card operations.

Today’s Water Cooler: Open thread.