Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
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What General Electric Is Doing to Dodge the Question: “When Will GE File for Bankruptcy?”
A detailed look at GE’s fall from financial grace.
Read more...Panicked Market Close Wednesday, Rout Continues Overseas, With Some Stabilization in Europe; What Will Thursday Bring? Updated: Investors Want Their Fed Put
Mr. Market was very edgy yesterday. Will he recover his chipper mood today or fall into a deeper funk?
Read more...Markets Edgy Over China, Italy Budget Staredown, Saudis, Brexit, Too Much Private Debt, Strained Valuations….
Markets have more reason than usual to be jumpy.
Read more...Wolf Richter: It’s the Banks Again
Mr. Market is worried about banks, particularly European ones.
Read more...Mr. Market’s Hissy Fit May Be Over….For Now
Puzzling out the markets have changed, and not changed, since the crisis.
Read more...Hubert Horan’s Quick Take on Uber’s Second Quarter Results
Uber’s latest financial report confirms Hubert Horan’s predictions.
Read more...Michael Olenick: Update Confirms That Share Buybacks Are Still Corporate Suicide
Reconfirming the findings of a study that debunked some key claims about the supposed benefit of stock buybacks.
Read more...Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes
Why is it entirely sensible to regard stock markets as Ponzi schemes.
Read more...Wolf Richter: Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning
Normally risky credits like junk bonds are the first to react when the Fed starts tightening. But we are not in normal times.
Read more...Can Locally-Owned Stores Save RadioShack?
RadioShack stores are coming back from the dead, um, bankruptcy.
Read more...Finally: SEC Frets about Share Buybacks, “Torrent of Corporate Trading Dominating the Market” and “Short-Term Financial Engineering”
Mirabile dictu, a Republican SEC commissioner criticizes stock buybacks….
Read more...Stock Market Borrowing at All Time High, Increasing Risk of Downdrafts
I find it hard to get excited about stock market risks unless defaults on the borrowings can damage the banking/payments system, as they did in the Great Crash. This is one reason the China perma-bears have a point: even though the Chinese government has managed to do enough in the way of rescues and warnings […]
Read more...CalPERS CFO Charles Asubonten’s Form 700 Violation and His Unduly Mysterious Private Equity Firm
More on the sketchy history of CalPERS’ new CEO, Charles Asubonten.
Read more...Elon Musk’s Two Great Virtues
Elon Musk can conjure up wonderful images of the future. In the here and now, can he even produce cars (batteries? solar panels? anything?) on schedule? What is going to happen to Tesla?
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