A tail-risk hedge fund advised by Nassim Taleb, author of “The Black Swan,” returned 3,612% in March, paying off massively for clients who invested in it as protection against a plunge in stock prices. The fund, managed by Universa Investments of Miami, had a year-to-date return of 4,144% through the […]
The US national debt pushed above $24 trillion on Tuesday. The US government was already running massive budget deficits long before the coronavirus pandemic and the debt was piling up at a dizzying pace. Response to the outbreak has put spending and debt in hyperdrive. The US government added $1 […]
A permanent 20% reduction of public service pay seems warranted. Either that or the doubling of pension plan contributions The demands on the federal government are rising at a record pace. The Parliamentary Budget Officer was predicting the federal deficit would hit $112.7 billion even before the government announced its […]
It is necessary to indicate that, the debate on the weapons of the United States is generally framed in what happens within the borders of the United States. But the effects of easy access to weapons don’t end where Canada and Mexico begin. Certainly, the mass shootings in El Paso, […]
When masks would have helped us fight coronavirus early, our supposed betters misled us. When the stakes are highest, the truth counts the most. Or maybe when things get really serious, that’s when the people really can’t be trusted with the truth. It’s pretty clear which of these two ideas is […]
Despite playing in some of the best leagues in the world, James Sixsmith was broke. So he started a side hustle to create a life after the game. James Sixsmith loved hockey, but in the end, hockey didn’t love him back. Like many talented players who grind it out as a […]
We must not blame globalization for the risk-management failures of national governments The centuries-long rise of free trade and globalization has created the healthiest and wealthiest world population in history. This indisputable truth is now being undermined with claims that the COVID-19 pandemic suggests this glorious economic history must now […]
The International Monetary Fund may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy. IMF Managing Director Kristalina Georgieva is preparing to offer short-term dollar loans to countries that lack enough […]
“Of course, none of the politicians or bureaucrats who want to deprive people of their property and their employment will lose their jobs. Their taxpayer-funded salaries are quite safe. (At least until state and local tax revenues collapse.) But so far, I’ve heard of no governor willing to forego his […]
With confirmed cases of Covid-19 globally exceeding 1 million and more countries going into lockdown to slow the pandemic, the emerging question is: “When will this all end?” The answer depends in large part on uncertainties about the novel coronavirus that causes the disease, including whether you can get it […]