James Kwak

More Banking Mystifications

Apparently, both parties have platform planks calling for the reinstatement of the Glass-Steagall Act of 1933. Andrew Ross Sorkin made and unsubstantiated claim about why that would be a bad idea. His claim just wrong.

Games Billionaires Play

Prices for modern and contemporary art are soaring — $82 million for a Warhol print, $101 million for a Giacometti sculpture, $142 million for a Francis Bacon triptych. James Stewart assures us, however, that this isn’t a bubble — it’s just money flowing into a new asset class in search of innovative works that are likely to rise in…

Games Billionaires Play

Prices for modern and contemporary art are soaring — $82 million for a Warhol print, $101 million for a Giacometti sculpture, $142 million for a Francis Bacon triptych. James Stewart assures us, however, that this isn’t a bubble — it’s just money flowing into a new asset class in search of innovative works that are likely to rise in…

Insider Trading Is OK … Sometimes

Insider Trading Is OK … Sometimes — Bull Market — Medium. It must be fun to go after insider traders. They’re rich people who cheat to make themselves richer. Drag them in front of a jury of ordinary people, show that they made money trading on information that ordinary people don’t have, and wait for…