This firm held the Case-Shiller price index up as a trend that absolutely should have warned executives of a major event over the horizon. The historic inflammation of asset prices looked to us to be the symptom of something heavy on the horizon, not necessarily the high score on a video game. With irrational exuberance all over the housing markets …
The number of banks currently operating under action is now down to around 200. The biggest number on the chart is the number of banks that have come under scrutiny and then exited the system.
Since the crash of 2008, markets have reset and reorganized, leading to historic highs for equities. We have also seen the return of the philosophy of “risk as yield” instead of “risk as risk.” Nowhere is this more evident than the surging taste for junk bonds in the last seven years. Businesses teetering on the brink of bankruptcy have found …
This video shows just how quickly PayPal has been expanding throughout the retail universe. The company is making major strategic moves to keep things rolling, such as PayPal Here, which competes directly with Square, and even getting into the gambling space. What’s next? Lending.
We saw this chart last year and it has only gotten uglier. The rise of margin debt means that investors are perceiving very little risk from the equities markets. Note the margin debt compared with other periods of boom and bust. Remember the destructive force of the last bust. History isn’t just something that happens to other people.
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