Can Adam Smith Save Gen Z?
A professor addresses his skeptical students. There’s a common assumption among the older generations that today’s college students are more swayed by socialism than ever before. There’s fear that this generation may be lost to the alluring temptations of “free” government programs and centrally planned economies. As a college professor over the past seven years, I […]
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
D3sign | Moment | Getty Images Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported Tuesday. Debt that has transitioned into “serious delinquency,” or 90 days or more past due, increased across multiple categories during the year, but none more so […]
Market Talk – February 6, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 193.50 points or -0.53% to 36,160.66 Shanghai increased 87.30 points or 3.23% to 2,789.49 Hang Seng increased 626.86 points or 4.04% to 16,136.87 ASX 200 decreased 44.30 points or -0.58% to 7,581.60 Kospi decreased 15.11 points or -0.58% to 2,576.20 […]
2:00PM Water Cooler 2/6/2024 | naked capitalism
By Lambert Strether of Corrente. Bird Song of the Day Evening Grosbeak (type 2), Sattley; Sierra Nevada Field Campus, California, United States. “Background Sounds: Yuba River; Species Sound: frequent; Breeding Status: not territorial, not breeding?; Special Song Type: dawn?” * * * Politics “So many of the social reactions that strike us as psychological are […]
