AAA Comment – Page 42

Net zero in all but price

“US oil price below zero for first time in history,” read the headline in the Financial Times and effectively the same over at the Wall Street Journal when I woke up this morning.

Boosting inflation through adding inefficiency to the market

There are a few ways to deleverage an economy and boosting inflation to reduce the real burden of the debt is one of the less unpleasant if it is carried out alongside rising wages. This is critical if the demand shock from the coronavirus lockdown leaves that economy effectively unable to service its individual, corporate or sovereign debt piles.

Stepping up rather than cashing in

A hundred-dollar bill is lying on the ground. An economist walks past it. A friend asks: “Didn’t you see the money there?” The economist replies: “I thought I saw something, but I must’ve imagined it. If there had been $100 on the ground, someone would’ve picked it up.”

Reflecting on a deal of the age

Wow, what a deal. It is hard to imagine a more legendary combination than Jim Clark and Thomas Jermoluk (TJ) hooking up to start a new company with backing from the world’s largest venture capital firm in NEA and America’s second-largest private conglomerate, Koch, through its corporate venturing unit.

Corigin shows way out for CVC

Hats off to Corigin Ventures, real estate developer Corigin’s corporate venturing unit, for being able to open up to external limited partners for the first time.