It’s happening right now, smacking down one company at a time.
Don Emilio Botín, undisputed Capo of Spanish banking, died. He’d transformed a regional bank into Grupo Santander, one of the world’s biggest baddest megabanks. Now the true owners are getting nervous.
They buy near the top and sell near the bottom, getting fleeced at each market swoon. With broader consequences.
It’s the rapidly growing risk premium, not the drop in earnings that investors bring on when they suddenly flip from giddy to fearful.
Ivar Kreuger was a financial genius. But his innovations sank his empire of monopolies, as they would Enron, Bear Stearns, Lehman….
German consumers are supposed to save the Eurozone – and the global economy – but economic expectations “completely collapsed” last month and now dropped again.
They indicate “an inflection point,” as they did in 2008 and 2011. Even relentlessly exuberant VCs are warning.
Mexico is subject to the whims of oligopolies run by a small coterie of hyper-connected individuals who now effectively own the country.
Stocks, bonds, and the future? A seatbelt-mandatory read by David Hay, Chief Investment Officer of Evergreen Capital.
This chart shows how truly screwed up this housing market really is.
The consensus of economists never sees a recession until after it begins.
A true debacle is unfolding. Just when we thought the euro was finally safe.
You know that soul-shattering moment when reality hits? That’s what I felt when it was announced that Cristina Fernandez de Kirchner was to meet with George Soros.
In the past, they were early, but they were right.
The world is once again experiencing a period of oversupply.
The inevitable end of the dollar’s hegemony has consequences.
Expect further debt crises, bank collapses, bailouts, and bail-ins.
Obscured by stock market hoopla, and under the leadership of our fearless Treasury Secretary Jack Lew, the G-20 finance honchos fret about faltering global growth.
This country will get worse before it gets better.
America might start a downturn from a position of weakness unique since WW2.
One of the crucial goals of Japan’s economic religion is to stimulate Japan Inc. by boosting exports and curtailing imports. Ha!
That illusory surge in the economy, trotted out for five years in a row to rationalize soaring stock prices? The Fed has wiped it from its vision of the future.
This is not to say that it won’t go on longer or won’t get wilder. There are already people with lampshades on their heads. And girls are dancing on the tables.
The word “gloomier” inconveniently shows up to describe CEOs’ outlook.
Doctor’s insight: Bookies call it the “vig,” insurance companies call it a “PPO Repricing Fee.” It allows them to go around state insurance laws.
They close a loophole that allowed Exxon to begin drilling Russia’s first exploratory well in the arctic Kara Sea – a well that might be shut down in two weeks.
Even venture capital is worried. ‘The crazier things get, the worse people execute’
By birth I am English, with Scottish and Welsh ancestry. I like that our cultures are rich, intertwined, yet different. But if I were Scottish and had the opportunity to escape the politics of Westminster, I’d vote for independence in a heartbeat.
The slowing economy is only part of the reason.
Targeted by an ever tightening sanction spiral, Russian companies and individuals decided not to be sitting ducks.