Profitability, price-stickiness, and crypto-flows in the era of [no]-tightening

goodish news on the margin front, baddish news on the auto-front, a portfolio update, and there is no tightening, crypto-edition

By the time you read this, it will be Friday, so FREE POST [Update: I accidentally scheduled the post for Saturday, but I just fixed it, so it’s still Friday, but later than I intended!]

• of profitability (and hooray for smallcaps)

• of unprofitability (and an even better time to go public)

• Random Walk portfolio update, an interlude

• price-stickiness and underwater equity (auto loans, edition)

• crypto flows, a sign of excess of liquidity (reinforcing an excess liquidity hedge?)