In the previous article I analyzed the stunning divergence between the markets and the real economy. I emphasized three particular reasons for why this is happening: (1) huge monetary and fiscal stimuli that started the V-shaped rebound on the markets in March; (2) exuberant (and by all means irrational) expectations driven primarily by the so-called retail investors, and (3) the asymmetry between firms driving the market (the top 5 big tech firms) vs the unlisted SMEs laying people off and declaring bankruptcies.

In this article I will touch upon the potential instabilities of the first effect: the monetary and fiscal stimuli, and how investors should adapt to these macroeconomic trends.

While the stimuli were designed to calm the market panic back in March, its continuation – particularly from the Fed – is creating massive instabilities elsewhere. Specifically, there is ample evidence of a growing monetary bubble, unavoidable fiscal instabilities due

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The NBA bubble has held. So has the NHL’s double bubble. The WNBA and MLS, no leaks.

In this unprecedented landscape of sports in a pandemic world, one indisputable fact has emerged: bubbles work.

Thousands of tests, minimal to no positive COVID-19 test results.


So as the NCAA gets set to announce its plans for the 2020-21 college basketball season, there are clear precedents and blueprints in place should it decide to go the bubble route.

“It’s certainly viable,” said Mark Starsiak, vice president of sports at Intersport, a Chicago-based sports marketing and media agency, “From a basketball standpoint, I think we can follow those models.”

The college football restart has been scattershot. The season has already started, yet 53 FBS schools have the pads and helmets hanging on hooks while waiting for better

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Associated Press

  • Ant Group’s upcoming IPO aims to raise a record $30 billion and could bring first-time tech fundraising to the highest level since 1999.
  • Should demand for the offering hold up, Ant’s debut could bring global first-time stock sales to more than $57 billion, according to data collected by Bloomberg. The dot-com bubble’s annual proceeds peaked at $62 billion.
  • The debut is the latest to enjoy surging investor demand for tech stocks. With concentration in giants like Apple and Microsoft reaching historic highs, traders have turned to the IPO market for cheaper entry into the tech sector.
  • Visit the Business Insider homepage for more stories.

Ant Group’s upcoming initial public offering could bring tech IPO proceeds to the highest level since the dot-com bubble’s 1999 summit.

The company — an affiliate to billionaire Jack Ma’s Alibaba empire — is targeting a valuation of $225 billion and could raise roughly

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