No. 2017/01: Cochrane, 'Differentiating Diamonds'

In 1939, the De Beers diamond company faced a dire situation. The company’s accumulation had been dwindling for decades. The Great Depression not only pushed diamond sales to historic lows, it shifted American attitudes around consumption and thriftiness to the detriment of the luxury object. In this article, I bring together Liz McFall’s assertion that Continue Reading

Spiegel Online Analysis of Deutsche Bank’s Differential Misfortune

Deutsche Bank was a central figure of the 2008 global financial crisis. While some of its compatriots, such as Goldman Sachs, have re-ascended to the commanding heights of global capital, Deutsche remains a shadow of its former self as seen in the graph below (screenshot from Yahoo! Finance). A comparison of Deutsche Bank (DB) with Continue Reading