With the second monumental bailout of wealthy corporations in a little over a decade, the public is beginning to discover both the shabby reality and the hyperreal absurdity of a financial practice termed “stock buybacks.” It sounds innocent, as if it described a process by which conscientious...
As the COVID-19 pandemic and policy reactions have disrupted markets, bankers on both sides of the Atlantic have called for the relaxation of accounting standards introduced in the wake of the 2007-08 global financial crisis. This set of standards is known as expected credit loss...
Interviewed on CNBC, Leon Cooperman, described by Marketwatch as the “billionaire boss at Omega Advisors,” complained ominously about the prospect of Elizabeth Warren or Bernie Sanders being elected US president. He explained why it would be bad for the economy. The author of the article,...
Yahoo Finance identifies a serious problem in US society and knows there’s only one way to solve it: inform people it’s their problem to solve. Yahoo Finance wants to help American families solve a problem that strikes at the core of the US economy and culture and has seriously undermined...
Most analysts say occasional financial crises are inevitable. So where are the biggest risks now? A panel of experts, including some who were in the historic meetings at the Fed 10 years ago, offer their views. September holds the dubious honor of being the month that marked two cataclysmic...
JPMorgan reveals a new phase in the history of the religion of finance. Wall Street has always had its own vocabulary. It gets better every day. In the video of an interview by Business Insider with David Kelly, chief global strategist of JPMorgan Asset Management, we learn that “stock market...
Playing with numbers: How high can you go and how far can you fall? The stock market suddenly underwent a “correction” at the beginning of February, which took a lot of market experts by surprise. Many journalists, documenting their surprise, reported a “record” drop in the Dow Jones...
