The big topics in today's newsletter are immigration in Europe, US jobs numbers, Tesla's expansion plans, monetization of WhatsApp, and US consumer confidence
Daily newsletter post with thughts on the latest GDP numbers, a US-EU trade deal and the earnings numbers coming from social media companies
Economic news yesterday was dominated by the Facebook revenue warning and an EU-US trade summit in Washington.
There are two ways to explain persistently high corporate profit margins. One interpretation is about inequity, and implicitly about corporatism masquerading as liberty. And the other is about network effects creating an age of winner take…