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Hubert Horan: Can Uber Ever Deliver? Part Twenty-Six: With No Hope of Real Profits, Uber and Lyft Double Down on Fake Profit Metrics

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Six: With No Hope of Real Profits, Uber and Lyft Double Down on Fake Profit Metrics
nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.

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Beyond Bretton Woods — A New Series in the Sun


Beyond Bretton Woods — A New Series in the Sun
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Beyond Bretton Woods — A New Series in the Sun
Editorial of The New York Sun |
July 29, 2021
https://www.nysun.com/editorials/beyond-bretton-woods-a-new-series-in-the-sun/91598/
The New York Sun launches, with Judy Shelton’s op-ed this evening, a series on the 50th anniversary of the collapse of the monetary system that had been established at Bretton Woods at the end of World War II. That system, centered on America’s promise to redeem dollars presented to it by foreign governments at a 35th of an ounce of gold, was far from perfect. Yet its collapse, in the summer of 1971, opened up a new and far more dangerous moment — the era of fiat money. ....

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Economist reactions mixed as Fed Powell freezes rates amid ongoing pandemic


Grant s Interest Rate Observer founder and editor Jim Grant comments on Jerome Powell s decision on rates.
The markets have tucked themselves into a panic about Jackson Hole being the timing of the announcement of QE and Chair Powell just completely put a nail into that coffin by saying, ‘No, we’re going to wait until it’s clear to us that there’s substantial progress and we ain’t there yet,’ he said. That’s the key message.
Grant s Interest Rate Observer founder and editor Jim Grant chimed in with a different take on the decision, describing it as the world being deeply immersed in a flood and the Fed is shooting a firehose. ....

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