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Monthly Archives: October 2016
Wells employee describes bank ‘lions hunting’ customer ‘zebras’
More excellent evidence on why banks must be run as deposit taking utilities and not allowed to cross-sell financial products to their customers. These institutions are presently criminal, predatory and socially destructive franchises that are gutting the financial strength of … Continue reading
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GE: economic bellwether sees zero revenue growth and more buybacks
General Electric offers insight on where revenue growth can be found today: power and renewable energy. The company managed to report a rise in Q3 profits today thanks largely to strength in this sector of its business. Unfortunately other sectors … Continue reading
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Sri-Kumar: election won’t bring quick change for US economy
Good explanation of the weight holding back economic recovery today in this segment. Productivity comes from investment in efficiency, smart resource management and new innovation, not from excessive asset prices and capital waste. Obvious, and yet, ignored for the last … Continue reading
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