money-matters

Hamilton Nolan · 10/29/13 08:26AM

The U.S. city with the highest income is San Jose, California; the city with the lowest income is Brownsville, Texas. And the most average city, for the 237th straight year: Springfield.

Hamilton Nolan · 10/28/13 12:50PM

Here is the most accurate and detailed explanation of Amazon's business model that you are likely to read this year. "Amazon has boundless ambition. It wants to eat global retail."

Hamilton Nolan · 10/24/13 04:11PM

Here is a well-reasoned argument from the economists Emmanuel Saez and Thomas Piketty that the tax rate on America's highest earners could be raised to 80% without harming the nation's economy.

Bubble Watch: Chinese Property Edition

Hamilton Nolan · 10/22/13 02:22PM

The global economy is like a boiling pot of water— full of bubbles. Or you might say it's like a glass of soda—full of bubbles. Starting small, inflating, and finally bursting—bubbles. Where will he next economic bubble"pop up," ha? Perhaps in a land far, far away.

Here's What a Hedge Fund Profit-And-Loss Statement Looks Like

Hamilton Nolan · 10/22/13 11:49AM

Hedge funds are privately controlled and notoriously secretive investment firms with billions of dollars in assets. Here's a document listing all of the income, salaries, and spending for one hedge fund over several years.

Wall Street Is Doing Fine, Do Not Worry

Hamilton Nolan · 10/22/13 11:05AM

A new report predicts that Wall Street's profits in the second half of the year will be only half as much as they were in the first half of the year. Not to worry—they're still doing okay.

The Nobel People Are Seriously Short on Cash

Hamilton Nolan · 10/16/13 01:17PM

The Nobel Foundation, which has been handing out the world's most prestigious prizes for more than a century, knows a lot of good economists. Maybe they should ask them how to make some money?

Bubble Watch: Worthless Tech IPO Edition

Hamilton Nolan · 10/11/13 09:48AM

As predictably as the sun rises and sets, so too do economic bubbles inflate and then pop, bringing euphoria followed by suicidal gloom. Where will the next bubble in our economy be? Today, we turn our keen eye to the source of all troubles: tech companies.

Do You Own the Rights to the Land Under Your House? Maybe Not

Hamilton Nolan · 10/09/13 02:01PM

Generally speaking, when someone purchases a house, they assume that they have also purchased the rights to the land that sits directly beneath that house. Not so fast, suburbanites! You may have already signed away your right to not have fracking underneath your back yard.

Janet Yellen Is So Rich She Has More Than $100K in Her Checking Account

Hamilton Nolan · 10/09/13 10:10AM

Janet Yellen, President Obama's nominee to lead the Federal Reserve, is a vastly wealthy multimillionaire—which is standard, because only those fully insulated from the effects of economic policies are allowed to make economic policies. Let's look at Janet Yellen's personal accounts, shall we?

Here Is Perhaps the Single Biggest Ripoff on Wall Street

Hamilton Nolan · 10/08/13 09:51AM

Do you or a loved one have an investment account—perhaps for retirement? Is any of that money invested in a "managed futures" fund? If so, stop reading now and pull that money out immediately. It is being stolen from you as we speak.