Shares, which at peak-hype spiked 1,200% in a month, go to zero. Board of Directors goes to zero. Executives go to zero. Sales already zero.
Another money-losing, cash-burning, over-hyped unicorn in a ho-hum low-tech business (bedding retailer) tries to make it out the IPO window.
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
Tesla’s Stock Makes it the Second Most Valuable Automaker in the World. But How About its Size?
Its debt surged to fund the share buybacks. And truckers ate its lunch. But don’t tell any of this to the “market.”
Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged.
Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time?
Not even the “bankruptcy” word hanging over super-troubled Italian infrastructure giants Atlantia and Autostrade, whose bridge collapsed last year, can get their bonds to reflect any kind of serious risk.
This solid recession indicator is starting to concern me again.
Something funny’s happening in NIRP land: long-term yields are rising, negative yields are turning positive, and investors are getting punished for having handed their brains to central banks.