Emerging Markets turmoil: The price of cheap debt & misallocation of capital.
Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from?
Let the good times roll.
CEO goes nuts, spaghetti-code algos & consensually hallucinating humans lap it up.
Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets.
SEC, are you checking into this?
Historic spike in Seattle. Sharp increases in other metros. New York condos fall.
Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion.
Throughout the scandals, Facebook was clad in Teflon and nothing mattered. But today, it mattered.