Thoughts on the recent antitrust discussion on GOOG, FB and MSFT. "Price effects alone do not provide a complete picture of market dynamics, especially in digital markets" (harm to innovation + diminished quality other major elements) Standard Oil Case Study
Negative Interest Rate Bound
Friday Thoughts: negative nominal interest rate. Yields can always go more negative and the convexity at negative rates is huge. Below zero rate is therefore NOT about INCOME but all about CAPITAL GAIN. Furthermore, it’s also about how you fund it. If short-term rates are more negative (which they are in a decent % of … Continue reading Negative Interest Rate Bound
Intersection notepad 