Remember last year vigorous debate about whether debt (in particular real economic debt matters when it comes to growth?
With the purchase of Picasso’s Les Femmes d’Alger dans leur appartement (Version O) for $179 million, the world was served up another piece of evidence that money has lost all value.
I love McDonald’s burgers, fries, and shakes. What I don’t love is its current stock price.
Geithner allowed the country’s big banks to become wards of the state (which they are to this day) that can suck up and spit out taxpayer money as they see fit.
The recent move in oil prices prompted the talking heads on TV to warn us the market is oversupplied, thereby driving prices down.
Detroit and Chicago couldn’t seem to be more different. But Chicago suffers below the surface from many of the endemic infrastructure problems that brought Detroit low.
European regulators want to disrupt Silicon Valley’s quest for global market domination. The EU has relentlessly investigated U.S. tech giants individually, saying they have rigged the game against their European competitors.