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Daily Archives: November 2, 2017
John Grisham’s new book examines for profit-exploitation of students
Whether it is Donald Trump’s scam ‘university’ or for-profit-schools lowering education standards to collect rich fees that are only possible with government-backed student debt, the business model is consistent: cash in by abusing the vulnerable. In his new book, The … Continue reading
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“Unexpected” price declines hitting highly levered buyers
A realtor friend was telling me this morning, that they attended an industry conference yesterday where the speakers were explaining why tighter mortgage rules in January (that are set to reduce buying power by about 20%), are unlikely to hurt … Continue reading
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PetroChina: foreshadowing the Saudi Aramco IPO?
In typical initial public offering (IPO) marketing frenzy, PetroChina was sold to investors at the peak of the 2007 commodity cycle for a record $1 trillion. Since then the shares have lost 80% of their market value and counting. Here … Continue reading
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