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Monthly Archives: March 2015
IMF Director Batista: Greek bailout was “to save German and French banks”
And so a little truth gets out into the light of day: the ‘Troika’ sacrificed working people and the social fabric to shield the banks from having to absorb their deserved losses. The rest is our history. It didn’t have … Continue reading
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Equities attractive for whom?
Risk-sellers are unanimously agreed: equities are good at every valuation. The question the rest of us must always ask is: good for whom? Shown here since 1900, valuations for S&P 500 stocks today have rarely been more expensive (less attractive) … Continue reading
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Mind the lag: corporations only beginning to account for plunge in oil
Mind the lag between oil prices down 60% and corporate accounting that has yet to reflect balance sheet and income losses… There’s one place in the world where oil is still $95 a barrel. On paper. The U.S. Securities and … Continue reading
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