Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Archegos, Ark, Japan’s financial socialism, Boris Johnson’s bad joke, and who really pays corporate taxes. To sign up for the Capital Note, follow this link.
Archegos and the Downside of Leverage
Reading about the mess surrounding Archegos Capital Management, a family office that has sustained huge losses as a result of a poisonous mix created by leverage, margin calls, and stocks moving in the wrong direction…
