Fracking harms the environment and shale oil companies fail to turn a profit but that doesn’t stop Wall Street from lending them huge sums of money, driven by lust for fees.
Read more...Decoding the press release on the new health care venture from Berkshire Hathway, Amazon, and JP Morgan.
Read more...AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.
Read more...Beware of old CDO risk re-imaged as “nonlinear finance”.
Read more...Like Bill Clinton before him, ex-President Barack Obama has boarded the Wall Street-financed train to millionaire riches.
Read more...WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...Steven Mnuchin demonstrates that he is a shameless liar even by Goldman standards.
Read more...The One Belt One Road initiative holds great promise for the global economy, but will need a huge amount of finance. Initial presumptions that China would be able to provide all the finance are now unrealistic. Other partners should consider providing finance for some aspects, especially Europe – which has a lot to gain from the project.
Read more...Reuters discusses the challenge of moving off legacy systems. While the piece is a long overdue, it still seems more than a tad optimistic.
Read more...Yesterday, a federal judge blocked Aetna’s $34-billion acquisition of Humanam, citing concerns that their combined pricing power would raise costs to consumers.
Read more...Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]
Read more...Over the past five years, global trade growth has been stagnant. With protectionist sentiment intensifying. Will this trend continue?
Read more...Coming to a municipality near you..
Read more...The New York Times’ Roger Lowenstein is so convinced of Wall Street’s and the SEC’s virtue that he can’t even be bothered to get facts right.
Read more...Another bailout of two of Spain’s franken-banks: mostly state-owned Bankia and wholly state-owned Banco Mare Nostrum (BMN).
Read more...