Succinct Summations for the week ending February 28th, 2020: Positives: 1. Orderly 10% repricing of markets has yet to turn into full blown panic.2. New home sales rose 764k m/o/m, above the expected 710k.3. FHFA…

By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank…

Yves here. This coronavirus-induced problem illustrates how even a not-all-that-complex international trade relationship is still plenty fragile. One wonders how many companies with tightly focused markets or sourcing (for instance, businesses that rely on Chinese…

One of my personal indulgences is that I purchase for myself every book recommended by Masters in Business guests. This has led to some wonderful reading discoveries. The most recent delight came via Chris Davis…