The recent GameStop scandal is not easy to understand. Suffice it to say that it involves stock market tricks that traders play to make money off the misfortunes of declining companies. By placing bets on bleak futures, traders can game the system to garner profits. Such tricks add nothing to market value. … Read more
When I think of the debate around the “sequester,” I think of an amusement park. I know that this is no laughing matter, but there’s something so incredibly unreal about the situation that an amusement park is what comes into mind. This comes from observing how things like quantitative easing, derivative instruments … Read more
The attendance of Queen Elizabeth at last year’s Kentucky Derby was her first and it was truly a memorable event. The track workers at Churchill Downs took etiquette classes in preparation for her Majesty’s arrival while the executive chef planned a sumptuous meal fit for a queen. Her presence at the Run … Read more