Relevant and even prescient commentary on news, politics and the economy.

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Claiming a Golden Age

…clear as day, Debt-heavy approaches stretch households adding further risk without changing the system. This approach rather than public investment and smart regulation that can increase supply and access. We…

Train Drain

…has also encumbered the company with soaring financial debt. From the end of 2017 to the end of 2023, the burden of UP’s debt soared from 1.6 times its net…

Warren Buffet’s annual letter to shareholders

…purchased only two to three years ago, are now in mortal danger because of the debt piled on them by their private-equity buyers. Much of the bank debt is selling…