The following commentary on Nitzan and Bichler’s piece ‘Can Capitalist Afford a Trumped Recovery?’ first appeared on the blog Pension Pulse, written by Leo Kolivakis. Earlier this week, I hooked up for a lunch with George Archer and Jonathan Nitzan, two friends of mine who also had previous stints working at BCA Research. I enjoyed […]
Continue Reading
Abstract This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average income of large-scale farms reached the earnings threshold of the top percentile of US households, and agricultural commodity traders markedly outperformed […]
Continue Reading
DT Cochrane In the days following the wide-spread distribution of a video depicting Chicago transportation police officers violently removing Dr. David Dao from a United Airlines flight, there was celebration as the market pummelled the airlines shares (UAL). Or did it? Although the incident generated a great deal of outrage on Twitter, and early in […]
Continue Reading