10on12

In Goldman, Sachs We Trust

It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

Written on: 19/03/25:
Filed under: economics Books

The Great American Bubble Machine

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Marx & Engels in Neue Rheinische Zeitung Revue

Anyone who had saved a penny, anyone who had the least credit at his disposal, speculated in railway stocks. The number of railway journals rose from three to twenty.

Written on: 12/03/25:
Filed under: economics politics travel

Americans Fall Behind on Car Payments at Highest Rate in Decades

Car owners are missing their monthly payments at the highest rate in more than 30 years.

Written on: 07/03/25:
Filed under: economics travel

Arbitrage

Arbitrage is an investment strategy in which an investor simultaneously buys and sells an asset in different markets to take advantage of a price difference and generate a profit. While price differences are typically small and short-lived, the returns can be impressive when multiplied by a large volume. Arbitrage is commonly leveraged by hedge funds and other sophisticated investors.

Written on: 04/03/25:
Filed under: economics

Foundations

Foundations – Why Britain has stagnated Setting the scene. Here are some facts to set the scene about the state of the British economy.

Written on: 02/10/24:
Filed under: design Urban economics

Work In Progress

Works in Progress is a magazine of new and underrated ideas to improve the world.

Written on: 05/09/24:
Filed under: design Urban economics

The financialisation of car consumption

This paper investigates the growth of new forms of personal finance used in purchasing motor vehicles – a development which it characterises as ‘financialisation’.

Written on: 26/07/24:
Filed under: economics travel

A blueprint for better state investment

Until recently, the Irish State did not have to be good at investment. That’s because, before the 1990s, Ireland quietly dwindled. It didn’t have to get good at building homes and transport systems for a growing population because it had a shrinking population.

Written on: 29/01/24:
Filed under: design Urban economics

Hawala

Hawala or hewala (Arabic: حِوالة ḥawāla, meaning transfer or sometimes trust), originating in India as havala (Hindi: हवाला), also known as havaleh in Persian,[1] and xawala or xawilaad[2] in Somali, is a popular and informal value transfer system based on the performance and honour of a huge network of money brokers (known as hawaladars).

Written on: 03/10/23:
Filed under: economics

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