Recent writing on European economic performance has been made available outside the paywall, presenting revised arguments and updated data. The content critiques common perceptions of productivity and challenges narratives of European decline.

In the last 30 years, the number of public companies has been cut in half. The situation has gotten so bad that the Wilshire 5000 index, founded in 1974 to track the broadest portfolio of all US publicly traded stocks, now listsonly about 3700 stocks! In my latest piece in

OpenAI discontinued the Sora AI video product due to unsustainable economics, where production costs exceeded revenue. The financial model resembles a restaurant charging significantly less than the cost of food preparation, leading to inevitable losses.