The Fed, which appears genetically incapable of seeing bubbles until afterwards, must be seeing this: stock market margin debt relentlessly spiking into the stratosphere. Leverage is a sign of investor confidence – and at a...
David Stockman, Budget Director under President Reagan and then a partner at private-equity firm Blackstone Group, has graciously permitted me to post excerpts from his bestseller, The great deformation : the corruption of capitalism in america....
Cisco CEO John Chambers gushed with positive vibes during the earnings call on wednesday : “unbelievably strong results,” is what he called the fourth quarter. He talked about record revenues. “We have strong momentum,” he...
Keyhole Inc., a venture-capital funded startup, was acquired by Google in 2004. Its product became Google Earth. Its technology filtered into Google Maps and Google Mobile. One of the venture-capital investors? The CIA. It didn’t...
German industrial companies now consider investing overseas – to build new operations or expand existing ones – more attractive than investing at home. China retained the top spot for the third year in a row....
In March, six years after inception, the first ECB-organized Eurozone-wide household-wealth survey results were trickling out. But when the Bundesbank refused to publish the German data, insiders leaked the reason: too explosive for the current...
