Asset managers, private investment firms, and institutional investors like pension funds have divergent interests, though as the SpaceX IPO reveals, the money power acts in concert.
financial industry
Posted inEconomic Policy
Greenspan Was the Creator of His Own Disaster
The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up.
Posted inMoney, Politics, and Power
‘Magic Pill’ or Placebo?: Black Politicians and the Crypto Lobby
Young Black congresspeople are winning their seats with support from the crypto industry. But can investing in crypto help close the racial wealth gap?
Posted inEconomic Policy
Aftermath: The Economy Is Propped Up by Government Spending
In today’s edition, we highlight an underdiscussed reason why damage from the war hasn’t eaten the U.S. economy: fiscal stimulus.
Posted inEconomic Policy
Elon Musk Is About to Make Saving for Retirement Even Harder
The upcoming SpaceX IPO will make investing in index funds for retirement worse, while Musk and friends rake in millions.
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.
