The Push for Price Controls
An economist at one of the largest investment banks wants price controls to stop corporate greed. I know that’s a sentence you’d never expect to read. It’s also a sentence I’d never expect to write.
An economist at one of the largest investment banks wants price controls to stop corporate greed. I know that’s a sentence you’d never expect to read. It’s also a sentence I’d never expect to write.
Reports are the backbone of finance, so when a new big report about the commercial real estate market hinted at big trouble, markets responded immediately. But how are these reports made and why do they matter?
Now that Citizens Valley Bank has bought Silicon Valley Bank, analysts need to decide if Citizens just got tens of billions of dollars for free, or it’s taken on a toxic debt that will be its own demise. Sounds like an easy puzzle to solve, right?
The Credit Suisse AT1 story is a complicated one with a lot of technical details that mainstream journalists either can’t or won’t get into. I can’t blame them! For your average reader who reads the news to get outraged, learning about contingent convertibles and bond covenants isn’t why you watch the nightly news. But if you don’t understand these details, you don’t understand this story.
We’re seeing bank runs, bank failures, and bank stock crashes. Is this a financial Armageddon? Are we at the precipice of another Great Recession-sized event? Sometimes these questions have tough questions—this time, the answers are really easy.
Want to know how funds use the tax code to their benefit, and why it matters? In fact, knowing the byzantine American tax system can be a huge source of profits for wise investors, but not everyone has the patience to learn how.