Markets
Evidence-based analysis of hidden consequences in markets.
Index Fund Reflexivity
“Passive index investing beats active management and is the optimal strategy for most investors.”
Zero-Fee Brokerage Model
“Free trading democratizes markets and helps retail investors build wealth.”
ZIRP Zombie Company Effect
“Low interest rates stimulate economic growth and help businesses thrive.”
Subscription Fatigue Ceiling
“Subscription models create predictable recurring revenue and better customer relationships.”
Freemium Conversion Ceiling
“Freemium models drive growth by converting free users into paying customers at scale.”
Network Effect Reversal
“Network effects create permanent, defensible competitive moats.”
Unicorn Valuation Gravity
“High valuations attract talent, customers, and signal company strength.”
Buyback Hollowing
“Stock buybacks return value to shareholders and signal management confidence.”
Algorithmic Trading Herding
“Algorithmic trading provides market efficiency and better price discovery.”
Gig Economy Race to Bottom
“Gig platforms create flexible work opportunities that benefit workers and consumers.”
Creator Economy Power Law
“The creator economy democratizes income and lets everyone monetize their passion.”
AI Hype Cycle Capital Misallocation
“AI is the next platform shift and current investment levels are justified by future returns.”
Buy Now Pay Later Debt Normalization
“BNPL makes purchases more affordable and helps consumers manage their budgets.”
Meme Stock Market Structure Distortion
“Retail investor coordination democratizes markets and levels the playing field.”
Tariff Retaliation Cascade
“Tariffs protect domestic industries and reduce trade deficits by making imports more expensive.”