The two deals expose the imperative to deny a bleak reality, on the principle that when banks win, we all win.
Money-losing Amazon is Exhibit A of how the Fed’s free money for Wall Street and corporate mastodons is destructive to the rest of the economy.
The S&P is up nearly 200% from March 2009. Yet the cardinal measures of Main Street economic health have stagnated.
You can’t make this up!
Meet the secretive powers behind the trade negotiations that attempt to rewrite US and EU laws and regulations to their liking and beyond democratic controls.
Spreads between short-term and long-term Treasuries at lowest since Financial Crisis. Buyers will be punished. So the mystery: “Who the heck is still buying?”
Moscow Trader explains why the sanctions leave Russian companies unscathed and Putin unimpressed. So why did Obama not go for sanctions with teeth?
The world’s largest wealth manager is “very worried” about “the lack of liquidity” that could wreak havoc during the sell-off. It reduces risk “over the full spectrum of assets.”
35,000 M&A deals will likely be made this year, promising “efficiencies” and “synergies,” hence job cuts. So Microsoft, which bought Nokia’s handset unit, is planning the largest in its history…. The M&A frenzy of 2007/8 was followed by the Great Jobs Crisis!
Wearable camera-gadget maker GoPro doubled in the days after its IPO. The media went gaga. But last week, it began to tank, just before Barron’s calamitous article.