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China Slowdown Hits US Corporate Earnings

China is slowing, and our guess is that the slowdown is much worse than shown in manipulated Chinese official government statistics. The luxury sector around the Read More »

Can Lyft Survive Against Uber?

Do you use car sharing services? Can you tell the difference between Lyft and Uber? Uber is much larger, but, other than that, is there a difference? Read More »

The Rise and Fall of Investment Banking

Due to a number of factors, including the mistakes made in the last boom, automation, and the regulatory environment, the number of people who make their living from Read More »

The Price of Taxi Medallions Plummets

And that's a good thing. In big cities like New York drivers had to pay hundreds of thousands of dollars for the right to drive a cab in the city, but now they are Read More »