economics

In 1933, it joined other railroads to form the International Container Bureau, an organization dedicated to making international container freight practical in Europe.

Too good to be true

Western companies had long been so enthralled by China’s huge markets and cheap labor that they missed some red flags. China invited and allowed foreign companies to build factories typically under a setup of joint ventures, which required investors to partner with Chinese companies. It may sound like a fair request – after

Beijing often does not provide financing: instead, it gives local officials broad discretion to arrange off-balance-sheet investment vehicles with the help of regional banks to fund projects in priority sectors, with the national government limiting itself to specifying which types of local financing options are prohibited. About 30 percent of

When looking at U.S. markets, I think there’s a little bit from both of those areas that can be helpful. During periods of fiscal dominance, the general trends are that 1) governments often try to restrict the flow of capital in subtle or overt ways, 2) asset prices are often not as nominally bearish as you might expect since the denominator is

Over the course of the war the U.S. produced around 5,600 cargo ships, 80,000 landing craft, 2.4 million trucks, 2.6 million machine guns, and 41 billion rounds of ammunition.

He is merely exchanging a more liquid form of asset or credit for a less liquid form.

The fertilizer connection you haven't thought about

There's another hidden story within this story, which could hit your grocery bill just as hard as higher gas prices: fertilizers.

The Middle East and North Africa region — what we call MENA — is crucial for global fertilizer production. The region produces about 30% of the world's nitrogen

Needs arise in context—they are not context-free facts

When you search for needs or jobs in the way I outlined earlier, your underlying theory is that there is an objective set of hidden desires. You are looking for essences . You’re adopting the rationalist view that these inherent properties not only exist, but can be discovered and enumerated

Potential Winners and Losers: In an inflationary environment: o Losers: Long-duration bonds, high-growth tech companies reliant on cheap capital, and heavily indebted entities vulnerable to rising interest rates.

o Winners: Real assets like commodities, infrastructure, and companies with pricing power or exposure to supply chain restructuring.