Map of the Great Medieval Voyages of Exploration
The estimated routes taken by various Medieval explorers from Erik the Red and Marco Polo to the Berber explorer Ibn Battuta
David Rosenberg: We’re Turning into Japan
Aging demographics, too much debt, and zero or negative interest rates are going to weigh on inflation and growth post-Covid, just like they have plagued Japan for decades
Short Interest on S&P Hits New Lows
If you’re looking for a definition of central banking induced moral hazard, you’d be hard pressed to imagine a more conspicuous example
Happy Thanksgiving
Thank you for your readership
Wolf Richter Details the Exodus from San Francisco
The exodus is real
America’s Largest Private Companies
Compared with the world’s biggest public companies, Koch Industries and Cargill, would only make the top 60
Lion and Griffin from the Palace of Darius in 3D
‘King of Kings’ of the Achaemenid Empire at its peak
Daniel Lacalle on the Limits of Quantitative Easing in the US
Endless monetary accommodation in the Eurozone has discouraged badly needed pro-growth economic reforms
The Highest Valued Startups in the World
Notably absent from the top 10 are any European startups