41–50 of 83 posts
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You can subscribe to his newsletter and receive them daily to your inbox. I don't think he writes any articles outside of Money Stuff.
Thanks. Bloomberg has a $1.99 3 month subscription deal. I’ll try it for a few months and see for myself.
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Add to that the global "QE" programs which are driving up equities even higher. This whole system seems to act synergistically now, perpetually driving stocks higher and higher. Will it collapse altogether (and when)? Who knows
History is full of examples of over priced bubble assets that have eventually collapsed. So I don't think the questions is will it collapse but instead when will it collapse?
Well. with ECB ending its QE program it's perhaps time to stock up some umbrellas
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Add to that the global "QE" programs which are driving up equities even higher. This whole system seems to act synergistically now, perpetually driving stocks higher and higher. Will it collapse altogether (and when)? Who knows
History is full of examples of over priced bubble assets that have eventually collapsed. So I don't think the questions is will it collapse but instead when will it collapse?
Side note, is a Bloomberg subscription worth it? I’m looking to get a subscription and a lot of their articles are great. Especially ones by Matt Levine.
$6.5B is the recognized loss, i.e., the lowest possible amount they can get away writing off on their accounting books. The real economic loss may be much higher.
Earlier quoted context omitted.
You can subscribe to his newsletter and receive them daily to your inbox. I don't think he writes any articles outside of Money Stuff.
Thanks. Bloomberg has a $1.99 3 month subscription deal. I’ll try it for a few months and see for myself.
It's refreshing to see that the financial Shenanigans SoftBank was playing with WeWork and even Uber backfired like that in the end. Manipulating pre-IPO valuations as aggressively as they did was just insane.
Never forget the endgame was to dump it at the inflated valuation on retail investors and pension funds. This was a heist on the scale of Madoff, if they pulled it off.
$6.5B is the recognized loss, i.e., the lowest possible amount they can get away writing off on their accounting books. The real economic loss may be much higher.
A real economic loss is a realized loss. As long as Uber and WeWork are not closed down, their future performance is hard to predict. Uber especially is not a bad company. I love them. And if you have used Uber you ask yourself, how could you have tolerated the taxi clusterfuck so long.