Monthly Archives: April 2020

Deutsche Bank, Donald Trump, and an Epic Trail of Destruction

Deutsche Bank has long been a criminal franchise.  But it is also emblematic of a financial sector that has generally run amuck, globally.  Allowing our financial infrastructure to be ruled and directed by lawless greed has undermined stability and our … Continue reading

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Make North America great again: invest in workforce and innovation

From 2009 to 2019, S&P 500 companies alone poured $5.29 trillion into share buyback programs (data from S&P)–more than double the $2.59 trillion from the 10 years prior. Dividend payments to shareholders saw a similar increase, nearly doubling to $3.53 … Continue reading

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Bear market bounce (aka short-covering and sucker’s rally)

A lot of shorts getting covered today across most risk assets and yields and this has driven yet another dramatic rebound day. These are expected given the rapid price declines between Feb 19 and March 23. On March 31st, my … Continue reading

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