This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed.
You’ve got to hand it to Musk.
In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history.
This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
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.
When central banks distort the markets, risk disappears from view.
Markets have a way of blowing this type of consensus out of the water.
When it gets too complicated for senior auditors, send in a “college-aged intern.”
As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.