Goldman is a stain on the fabric of American capitalism.
Common sense and self-preservation tell you not to tangle with wounded animals; you’re liable to get bitten… or worse.
They call Wall Street’s big hedge fund managers the “Masters of the Universe,” the ultra-wealthy, extremely powerful, undisputed lords of finance who seem to exist in a gilt world that consists solely of London W1, the Upper East Side of Manhattan, and Greenwich, Connecticut.
When it comes to earnings, everyone on Wall Street is playing a game with your money. It’s called “hide the earnings” – and it’s totally legal.
The Panama Papers implicated more than 500 banks and bank subsidiaries – including some global giants.
The Panama Papers are just the tip of an iceberg that’s going to drown global leaders, governments, banks, moguls – the list goes on.
Stocks have been on a tear. After looking weak in February, they’ve soared close to 13% in a matter of weeks.
So why does it all feel like a magic trick?
It seemed for a minute that reality would bring some semblance of market-pricing to U.S. and global markets, because it’s much needed.
But then central banks stepped in… again.
Stock buybacks represent one of the most insidious bits of financial engineering in the markets – executives claim that they’re returning money to shareholders when they’re really lining their own pockets.
If you follow the stock market, you know what the VIX is. It’s the volatility index. But here’s something you may not know: the VIX is about to face some competition – and with good reason.