For two years, market observers have been predicting a recession. Why? They’ve pointed to what’s known as an inverted yield curve—when short-term interest rates are higher than long-term rates. Historically, this has been a bad omen for the economy, and that’s why investors have been worried. The [...]
Should Investors Worry?
Back in 2021, Keith Gill wasn’t well known. A video game enthusiast, he liked to spend time in his basement, day-trading and making videos. But with his online persona, Roaring Kitty, Gill drew a following that reached into the millions. He used that platform to direct attention to the shares of [...]
Evelyn Bartlett
In Ft. Lauderdale, Florida, an unusual property sits wedged in among a row of waterfront mansions. It’s a 35-acre patch of wooded wilderness with just a single home, called Bonnet House. It was for many decades the winter residence of a woman named Evelyn Bartlett. Mrs. Bartlett first began [...]
Tesla
In his own words, it’s been “an intense 7 days” for Elon Musk. Last Friday, Tesla demonstrated a new prototype product, a robot called Optimus. On Sunday, Tesla announced that it had delivered a record number of new vehicles in the third quarter. And on Wednesday, a rocket built by SpaceX, one of [...]
The storyteller’s toolbox
In the past, I’ve talked about Robert Shiller’s book Narrative Economics. Shiller argues that stories can be a powerful force in moving markets—more so even than facts or data. Recently, I gained a better understanding of why that’s the case. I was speaking with a fellow who, it seemed, I [...]
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