The Phoenix Economy
My first book, The Phoenix Economy: Work, Lie, and Money in the New Not Normal, comes out on May 9. Please preorder it! If you want to do everything online there s a bunch of links to do so here, or Continue reading
Felix Salmon
What I'm up to around the web
Latest posts
Markets Weekend: In and out of debt
This week s newsletter is debt-focused. Would you borrow money to give to charity? A new company is betting that you will. I also look at the big picture of the student loan situation.
Markets Weekend: What politicians believe
This week s newsletter covers productivism, profiteering, Britain, risky housing markets, and more
⚒️ Markets Weekend: Crypto distress
In this week s newsletter: Where that leaves the crypto world; how well your financial adviser thinks you ll do in the future; what happens when the rich stop intermarrying; and much more.
🏈 Markets Weekend: Moneyball
There s a sports theme to Axios Markets Weekend today. I know nothing about sports, so I asked my colleagues to explain it to me while I was on vacation in Denmark.
Markets Weekend: Saving the planet
This week, I m talking monetary policy, of course. And a bit of crypto. But first, ESG.
Axios Capital: Don’t predict
This week s newsletter covers all the pitfalls of economic forecasting, and more.
Axios Capital: 🎨 The arts edition
An arts-heavy newsletter this week
Axios Capital: ⛈ Inflation and “intolerable suffering”
The real victims of global inflation; biodiversity; my robo-bio; and much more.
Axios Capital: This is not an exit
All-stock transactions in private companies; insider trading; NFTs of paintings; the stock-market reaction to the latest COVID-19 wave; and much more.
Axios Capital: The last bastion of delirium
This week, I m zooming back a bit to take stock of where the markets find themselves at the end of an insanely tumultuous 22 months. Also: The debt ceiling, the antiquities trade, T+1 settlement, and much more.
Axios Capital: Cryptophilanthropy
Most of this week s newsletter is devoted to charity and philanthropy in this week containing Giving Tuesday — although there is also an item on payment for order flow.
Axios Capital: Biden vs. inflation
In this week s newsletter I look at what Joe Biden wants from his Fed pick. I ll also cover misery; mortgages; household wealth; EV valuations; corporate break-ups; Sweetgreen; shenanigans at Sotheby s; and much more.
Axios Capital: Control-shift-delete
In this week s newsletter: Controlling shareholders; wealth taxes; allegations about the S P 500; the Theranos sales pitch; and much more.
Axios Capital: Unstonk
In this week s newsletter: Companies that do badly before they do well; the fall of stonk mania; Netflix gets caught by surprise; the Texas two-step; and much more.
Axios Capital: Fossil watch
In this week s newsletter: Just when you thought the COVID-19 crisis was abating, a new crisis emerges. Plus: Experimental macroeconomics, the minimum wage, the quit rate, transitory, the IMF s political struggles, and much more.
Axios Capital: 🖼️ Big art money
In this week s newsletter: A dive into why Masterworks is worth $1 billion; a cheap new DAF platform; South Dakota s tax-haven status; and much more. All in 1,738 words, a 6.5-minute read.
Axios Capital: Moar brinkmanship
In this week s newsletter: $35 experiences, debt-ceiling unknowns, Evergrande, revolving doors, and more.
Axios Capital: Bad education
In this week s newsletter: More companies get into financial literacy philanthropy; crypto regulation; the USDC carry trade; China s flex on Macau; and much more.
Axios Capital: Don’t try to be a bank
In this week s newsletter: How crypto can t resist the lure of regulatory arbitrage; corporate fraud; women s degrees; El Salvador; rising credit scores; and much more. All in 1,469 words, a 5.5-minute read.
Axios Capital: Crypto submits to regulation
You ll have to scroll past a very famous and very scary chart before you reach other stories on crypto, stablecoins, lawyers, bankers, and much more.
Axios Capital: Pay no attention to economists
In this week s newsletter: The post-pandemic economy; the uselessness of economic forecasts; the rise of BNPL; how banks are failing at anti-racism; Robinhood goes meme; and much more.
Axios Capital: Mega-cap mega-growth
In this week s newsletter: Fast-growing giants; the return of the debt ceiling; why Europe leads in sustainable investing; the CFA exam pass rate; plentiful jobs; and much more.
Axios Capital: Green investing activates
In this week s newsletter: The impact of ESG investing; Hong Kong s status as a financial center; the future of trading shares in private companies; the Texas two-step; and much more.
Axios Capital: Inflation’s a good problem to have
In this week s newsletter: Inflation, moats, deer, concrete, NFTs, and much more.