Understanding the several smaller financial-market bubbles that make up the big one
SPACs
Posted inEnergy and the Environment
Those Electrifying Speculators
Electric-vehicle companies, often raising capital through dubious mergers, have a problem with the truth, and it’s a problem for all of us on this planet.
Posted inEconomic Policy
Plumbing the Depths at the SEC
It’s not enough to just get a new progressive chair. All of the key staff positions are also worthy of attention.
Posted inMoney, Politics, and Power
Financial Speculation Is About More Than GameStop Day Traders
The real speculation is happening at the top of the market, through skyrocketing merger transactions and increases in the power of the biggest companies.
Posted inMoney, Politics, and Power
Speculation: The Post-Pandemic National Pastime
Photos and tweets selling on the blockchain. Stock investments in companies with no product. Welcome to the new Gilded Age.
Posted inMoney, Politics, and Power
What’s Really at Stake in the GameStop Hearing
Markets are over-financialized, over-speculated, and bloated. Beyond WallStreetBets and Robinhood, that’s the real issue.
Posted inEconomic Policy
The Financial Reforms We Need
A conversation with former SEC official Lynn Turner, one of the great crusaders for fair and transparent markets
Posted inFirst 100
First 100: The Obscure Issues Biden Must Address
There’s more in heaven and Earth than pandemic response.
Posted inMoney, Politics, and Power
The Wall Street Gambling Is Coming From Inside the House
This era of speculation cannot be blamed on GameStop buyers on Reddit. Look, for example, at SPACs.
Posted inMoney, Politics, and Power
Wall Street’s Newest Way to Part Investors From Their Money
SPACs, or special purpose acquisition companies, have become a hot product. As usual, that’s good news for the big guys and bad news for the little guys.