Surprise, Surprise. Government Capital Stock Is Deteriorating

Lemonade Crashes As Customer Growth Miss Spooks Wall Street Lemonade shares crashed early in the US cash session after the technology-focused insurer reported fewer second-quarter customers than Wall Street expected and announced a transition of its chief financial officer. The company, which provides renters, homeowners, auto, pet and life insurance in the US and parts of Europe, plunged 18%, marking its steepest intraday decline since July 31, 2024. The shares are down 30% this year, rapidly reversing a rally that catapulted the stock from about $20 in late 2024 to nearly triple...

President Donald Trump, in his first and second administrations, broke with American tradition and rejected International Law and institutions. Washington’s foreign policy is fully militarized and is characterized by power politics. The present long-planned war against Iran is a war of aggression and is contrary to International Law. U.S. once supported international law and institutions […]

Rebound In Used Luxury Watches Continues During the COVID-era flood of free money, from stimulus checks to the Federal Reserve's zero-interest-rate policy, luxury watch prices skyrocketed to the moon. But once that liquidity boom faded and interest rates were pushed sharply higher to rein in the inflation monster fueled by helicopter money, the secondary luxury market slid into a multi-year correction. Over the last year and a half, however, that downturn appears to have bottomed out (see here and here), with prices continuing to rebound. The Bloomberg Subdial Watch Index, which...