#TheZooHasGoneNuts: One press release about an EV, but no money, no tech, no prototype, no facilities, no plans, no nothing. Getting pretty thick, even for our crazy times. SEC, are you awake?
This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
“If you discover at a later stage that there was Mafia involvement, how do you undo what you’ve already done?”
If stocks made a sudden connection to the worst economy in a lifetime, after having been disconnected for months, that would be a disaster, however.
Over 30 million people lost their jobs while the wealth of America’s 600-plus billionaires ballooned by $434 billion, to $3.4 trillion.
Answers emerge from the murky business of CLOs.
What’s so insidious about the Fed’s bailouts of investors in hedge funds, mortgage-REITS, stocks, bonds, leveraged loans, and other often risky assets? The destruction of capitalism (transcript of my podcast).
What’s so insidious about the Fed’s bailouts of investors in hedge funds, mortgage-REITS, stocks, bonds, leveraged loans, and other often risky assets? The destruction of capitalism.
What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.
They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries.