As Republican and democrat politicians hold emergency meetings to decide how to avoid a meltdown of Wall Street, the smell of hyperinflation looms in the air as much today as it did in Germany during the opening months of 1922. This week, markets were propped up by a record breaking offering of $1.5 Trillion in…
Last week’s violent gyrations in the stock market are the result of a tug-of-war between two well-represented groups of investors. One group thinks the Coronavirus will severely impact the global economy pushing stocks further into the red, while the other group believes the Fed will intervene in the market once more and save the day….
The over 1000 point plunge of the stock market on Feb 27th and broader ruptures of the financial system last week have been yet another wake up call for those who have been contented so far to “live in the moment” of fast money. Since the 2008 financial crisis, which is considered the most serious…
“If man will strike, strike through the mask!”Ahab, Moby Dick It was very gratifying to see Tucker Carlson’s recent attack on the activities of Paul Singer’s vulture fund, Elliot Associates, a group I first profiled four years ago. In many respects, it is truly remarkable that vulture funds like Singer’s escaped major media attention prior…
As the US stock market continues to set records, and the economy creates millions of new jobs, many Americans are forced to settle for low-paying work and meager benefits. How long can the inequality continue? The sound of popping champagne bottles will soon echo across Manhattan this holiday season as corporate America is in decidedly…
Billionaires are scrambling to ward off the specter of populist anger – from wealth taxes to increased regulation – looming over an age of unprecedented inequality. Perhaps they should have thought of this outcome 40 years ago. The 2020 election may trigger a “war on Wall Street and wealth,” too-big-to-fail bank Citi has warned its…
