The upcoming SpaceX IPO will make investing in index funds for retirement worse, while Musk and friends rake in millions.
financial industry
Posted inTechnology
A Market Bubble Led by AI
Artificial intelligence may not be intelligent enough to accurately value AI companies.
Posted inMoney, Politics, and Power
Elon Musk’s Plan to Make You Invest in SpaceX
He’s got his eye on your retirement savings and his net worth.
Posted inTAP
The Complacent Class
The Milken Conference in Los Angeles is designed for the global financial elite. Their thinking about the Iran war is childish.
Posted inEconomic Policy
This Is the Worst Argument for Prediction Markets
Putting a market price on some prediction does not make it a ‘truth machine.’
Posted inLaw and Justice
Can New York Lawmakers Stop Hedge Funds From Pillaging Poor Nations?
Much of the world’s sovereign debt is governed by New York state law. One small change could stop much predatory lending.
Posted inEconomic Policy
Aftermath: Wall Street Is Lying to Itself
Financial futures indicate little damage from the Iran war. Reality begs to differ.
Posted inEconomic Policy
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
Posted inMoney, Politics, and Power
The Private Credit Cartels
Wall Street wants you to believe AI is to blame for the incipient credit crisis. But the crappy software loans spooking investors are the products of old-economy greed and brazen collusion.
Posted inMoney, Politics, and Power
With Millions in Donations From the Industry, Ramaswamy Backs Ohio Crypto Gamble
Ohio’s Republican gubernatorial candidate Vivek Ramaswamy wants to invest taxpayer funds in crypto despite big losses in this sector and for his own company.
