Tech stocks grabbed the investor spotlight during the Covid pandemic. Many gained so much value theyreached $100 billion or more in market value without any real earnings. Square, a fintech now calledBlock, currently has a market cap of $42 billion. Last year Square peaked at a market cap of $162…
In 2008, we were introduced to a new government policy tool by then Treasury Secretary Hank Paulson called the “bazooka”. …
“Pig in a Poke” dates back five centuries and once meant purchasing a piglet in a sack sight unseen. It’s…
We have watched with wry amusement politicians battle over corporate common stock repurchasing, or “buybacks”, the process where a company…
Nine years of economic expansion makes investors anxious. Expansions generally don’t last this long without a setback. Some market analysts…
Price level surveys play a central role in monetary policy and government budgets. Our modern CPI, or Consumer Price Index,…
Most investors have been taught stock prices are meticulously calibrated by the market. A stock’s price is said to reflect…
The obituary of the small bank has been written a thousand times. Actually, if you measure since we joined the…
Last August we described large banks as a glass half full. At the time Wells Fargo and J.P. Morgan Chase…