Homeownership hit the skids when homes became a highly leveraged asset class, flipped and laddered by speculators, rather than lived in by normal folks.
European Council President Van Rompuy had a dream: the sanctions “should have a strong impact on Russia’s economy” but only “a moderate effect on EU economies.”
EXPOSED: QE Redistributes Wealth And Income from Wage Earners and the Young to the Wealthy and Corporations
Money-losing Amazon is Exhibit A of how the Fed’s free money for Wall Street and corporate mastodons is destructive to the rest of the economy. It creates unfair competition.
“These are trades that, three years ago, would have far surpassed anyone’s imagination.”
I have a new indicator for my official the-top-is-in list, this one about the start-up and IPO bubble: Banana Republic’s “Startup Guy” look. You can’t make this up!
Junk debt and illiquidity were among the things Yellen singled out as she was trying to gingerly prick the greatest credit bubble in history. Now junk bonds are turning toxic.