Companies & Markets

Are You Overweight EU Equities For The Big Recovery Yet?

by Wolf Richter •  • Comments Off on Are You Overweight EU Equities For The Big Recovery Yet?

There has been a symphony of calls for American investors to plow their money into European stocks. So, net inflows into European equity funds have set records, driven by euphoria about a presumed recovery. Equities soared. But turns out, reality has bad breath.

On The Surface, There’s Nothing Perturbing In The Challenger Job Cut Report

by Wolf Richter •  • Comments Off on On The Surface, There’s Nothing Perturbing In The Challenger Job Cut Report

In terms of announced mass layoffs, 2013 is shaping up to be the best year since 1997. Overall, employers aren’t shedding lots of jobs. But glitter in some sectors covers up aggressive, permanent job destruction in other sectors – where the sky used to be the limit.

Money Manager Nightmare: “How Can I Explain To My Clients That We Had A Third Crash In 15 years?”

by Wolf Richter •  • Comments Off on Money Manager Nightmare: “How Can I Explain To My Clients That We Had A Third Crash In 15 years?”

Sign of trouble: A wealth manager told me some of his elderly clients were now coming into his office, and they’d say, “My kids tell me that I can make 25% a year with stocks.” How much were they were willing to lose? “Nothing,” they’d say.

The Global Corporatocracy is Almost Fully Operational

by Don Quijones •  • Comments Off on The Global Corporatocracy is Almost Fully Operational

By Don Quijones: 58% of the world’s biggest 150 economic entities aren’t countries but corporations. Royal Dutch Shell’s revenues exceed the GDPs of 171 countries, making it the 26th largest economic entity in the world. And the balance of power is shifting rapidly.

NSA’s “MUSCULAR” Secretly Breaks Into The Cloud Of US Tech Companies, Siphons Off Data, Fouls Up Revenues Overseas

by Wolf Richter •  • Comments Off on NSA’s “MUSCULAR” Secretly Breaks Into The Cloud Of US Tech Companies, Siphons Off Data, Fouls Up Revenues Overseas

The seamless, borderless surveillance society has a new dimension: MUSCULAR. Under it, the NSA and British GCHQ secretly break into the “clouds” of US companies to syphon off user data on a large scale. Illegal in the US. But the cloud is a worldwide phenomenon.

The Smart Money Denies They’re The Smart Money As They Franticly Sell Their Crown Jewels Before The Bubble Blows Up

by Wolf Richter •  • Comments Off on The Smart Money Denies They’re The Smart Money As They Franticly Sell Their Crown Jewels Before The Bubble Blows Up

“It’s a great time to sell,” mused a pension fund investment officer. And Blackstone Group, the world’s largest private equity firm, is doing exactly that, feverishly, relentlessly, hand over fist, at peak valuations, cashing out. What does that mean for the rest of us?

Twitter IPO A Dud? Yes, Says Survey of Financial Advisors (But You’ll Own It “Whether You Want It Or Not”)

by Wolf Richter •  • Comments Off on Twitter IPO A Dud? Yes, Says Survey of Financial Advisors (But You’ll Own It “Whether You Want It Or Not”)

Brokers, financial advisors, and wealth managers are a recalcitrant bunch, suddenly, after having gotten their manicured fingers burned on a few super-hyped IPOs, and now they just refuse to get exuberant about the Twitter IPO. At least that’s what they indicated in a survey. But individual investors, well, that’s another story.

American Boondoggle Meets Chinese Methods

by Wolf Richter •  • Comments Off on American Boondoggle Meets Chinese Methods

BYD, the name of a Chinese electric vehicle and solar panel maker, stands for “Build Your Dream.” Maybe that’s what they’re trying to do in China. But here, they’re building a nightmare: broken promises, falsehoods, design flaws… all lushly funded by American taxpayers. And they paid Chinese workers in California $1.50 per hour to do it.

Texas Instruments CFO Admits: Stock Market Is Overpriced

by Wolf Richter •  • Comments Off on Texas Instruments CFO Admits: Stock Market Is Overpriced

Stocks balloon, we’re incessantly told, because revenues are rising due to great products, ingenious strategies, or brilliant marketing; and because earnings are rising due to, well, if not rising revenues, then cost cutting, moving production overseas, squeezing suppliers…. But what if revenues sag and earnings plunge, not for a bad-hair quarter, but for years, and the stock still balloons?