A shrinking slice of a barely growing economic pie.
On the day when QE ended: Taxpayer were put on hook for a direct subsidy to banks.
Just when you thought we’ve reached the peak of craziness, it gets even crazier.
And it’s one ugly dude.
Never before in the long, comic history of mankind and its money have central bankers taken such a keen interest in asset prices. Now they create money, out of nowhere, for the express purpose of pushing them up.
Silicon Valley Hype-Machine gets dented.
“Disorderly on a scale not seen since the crash of 1987″: Too many poorly understood structural changes have created unstable markets.
Mega-Startups go parabolic. Flame-out already happening.
Weighed down by soaring debt, it declares bankruptcy. Stock loses 92% in one day. From $20 to $0.80 in 3 months. A harbinger.
The scandal took place in the US, but it’s no different in the EU and Japan. It’s by design. By Justin Fox, Harvard Business Review Blog Network