Fearless commentary on finance, economics, politics and power

Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?

Why moral psychology can help us see ourselves and each other more clearly than economists’ homo economicus.

Today’s Water Cooler: Bloomberg on “stop and frisk,” Buttigieg’s goons, Sanders, Trump, Warren, Iowa, Nevada, foreign “meddling,” #2019-nCoV (food delivery, containers), robot car datasets, skin cancer apps grift, Amazon, Oreos, locusts, honey and coughs, surprise billing, education, Jules Verne

Count on Wall Street to find a profit angle in actual or pending disaster. Green bonds are becoming a hot idea.

America isn’t a very comfortable place.

In fairness, Orwell was far more skilled than the Iowa Democratic Party and DNC are showing themselves to be. This is just lame.

Virginia shows how corporations such as Amazon, Cisco and Ford want to control schools right down to the curriculum.

Today’s Water Cooler: NH polls, Bloomberg (the burbs, influencers), Buttigieg (Russian oligarch, racism), Sanders (“Laundromat Caucus”), Warren, Weld, NH, coming debacles in NV and CA, IA debacle, Spotify, Apple, food delivery, China pharma, #2019-nCoV, extractivism, libraries, skylines

Forecasts tend to be biased upwards and involve significant uncertainty, even for economics researchers specialising in macroeconomics or economic growth.

Another estimate of the severity and potential broader impact of the coronavirus.

Sinn Féin is on its way to shaking up Ireland.

Now that “socialism” is an acceptable word to use in conversation, what should socialists and their potential allies seek?