The whining rich
Todd Henderson’s whine about how he’s only scraping by on $450,000 a year in his million-dollar Chicago house is causing quite a stir in the blogosphere. (Tyler Cowen says that “this number…
Shorting reserves
Michael Pettis does a good job of systematically dismantling this idiotic line from Tom Friedman: First, a simple rule of investing that has always served me well: Never short a country with…
More NYT paywall math
Gabriel Snyder does his own math, and comes to exactly the same conclusion as both me and Erick Schonfeld: optimistically speaking, the NYT is likely to make no more than about $35 million a…