Diego Segura

"The Fed's own data," observes the August 29 edition of "Early Morning with Dave" (David A. Rosenberg, of course), "show that bank-wide credit card delinquency rates have gone from 1.84% a year ago to 2.43% in the first quarter of 2023 and now to 2.77% in the second quarter. This is also before we have even seen the onset of higher unemployment--is... See more

Coach, for instance, is well-managed, but it hasn’t “spread as a lifestyle brand,”

While Lemonade’s growth has been steep, so too has its learning curve. At the end of 2017, its loss ratio—the amount it pays in claims divided by the premiums it collects—was an unsustainable 166%, compared to 65% to 70% for large insurers.

One YouTube-generated video is for a song by Hindutva singer Ved Prakash Shukla titled: “Jab Tak Hindu Rakt Hai Yogi Ji Har Bar Ayenge”, which translates to “Yogi will come to power till Hindu blood runs in our veins”. In the song, Shukla chants in Hindi: “We will write Jai Shri Ram with streams of blood”, invoking the Hindu deity Ram. In the 20th... See more

To understand Khaite, you’ve got to view it like a merchant. (I liked the pin-tucked gazar dresses; they reminded me of this Marc Jacobs look from his Spring 1998 collection.) Holstein is very much in touch with what women with money want to wear. When I saw Yael Aflalo , founder of Reformation—another Stripes investment, which turned out very well... See more

What if you and your friends had your own little internet, the size of a room? No outside influence, no outside information, no viral trends, no content-suggesting algorithms; just the machines and the people within the physical space. What would you do on your little internet?

Free banking in the simplest sense is just free-market banking. In pure free banking1, there is no central bank, there are no legal tender laws, and the government would in general not privilege any particular currency

Farley conceded that there are “a lot of underwater bonds in the banking system and that can pose financial stability risks because banks are leveraged institutions. If it’s levered 10 to 1 and you have a 10 percent loss, all the equity is gone.” Which, of course, is exactly what happened to Bear Stearns, which at times was levered 50 to 1, meaning... See more