Companies & Markets

Stock Hype On a Wing and a Prayer

Natural gas ‘exporters’ took in billions, stocks soared fabulously. Alas, there isn’t enough US natural gas to export. How could this happen? Consensual hallucination.

What The Heck Is Wrong with Big Tech?

Tech companies are on a white-hot acquisition binge, swallowing anything that isn’t nailed down. But layoffs have started soaring. And it’s getting worse.

This Market Is a Titanic in Search of an Iceberg

What was that sound? Did you feel a little bump?
Nah… don’t worry about it. Go back to your cabin and have a good sleep.