Macroeconomics

2024 into 2025

Thoughts on a quarter century and the next 12 months

PayPal: A story of scale

Alibaba FY2024: Stop trying to compare BABA to AMZN

What Chinese companies do that others do not

What's happening with inflation and rents?

MAA's recent quarterly results gives us some clues

The Great Earnings Season Reset

What the charts can tell you about current conditions

No, Corporate Debt Will Not Cripple America

Evergrande Defaulted -- Technically

Why China's bankruptcies are different

The Economics of Joseph and the Amazing Technicolor Dreamcoat

What is China's economic strategy? A parable that helps explain it.