Archive for May 2019

With Lyft now public and Uber following soon, we know both have lost about $11 billion since 2009, with no end in sight to losses as they reduce fares to gain share. But brutal competition makes ride hailing a commodity business absent customer loyalty. The solution? Beg government for regulatory relief like capping number of…

During the brief economic downturn late last year, bond yields fell along with equities because there was fear the economy was slowing, corporate profits were weakening, and inflation was expected to fade. Now, the stock market is at a record high while bond yields remain very low. This divergence means inflation is expected to be…