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Daily Archives: May 10, 2017
Chinese stock market: portrait of a secular bear
After topping 6000 in August 2007 on the hype and hope of voracious consumer demand during the subprime debt bubble, the Chinese Shanghai Composite Index collapsed 74% to 1585 by October 2008. From that cyclical low the market then recovered … Continue reading
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Bipartisan bill urges Trump admin to break up banks
U.S. Senator Elizabeth Warren is eager to pursue legislation that would break up Wall Street megabanks and has pushed the issue with members of the Trump administration. “We’re certainly reaching out to the administration,” Warren, a Massachusetts Democrat, said in … Continue reading
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