Category: Business Columnists

Credit Suisse’s Sale of Securitized Products Will Not Correct Deeper, ‘Cultural’ Problems Reminiscent of 2008 Meltdown: Experts

News Analysis The announcement on Tuesday that troubled bank Credit Suisse plans to sell off a bulk of its securitized assets to Apollo Global Management next year is expected to usher in a new phase of the bank’s reorganization and help shift its focus from high-risk to more traditional areas. But in the absence of…


What’s Fueling the Rise of ESG Investing?

News Analysis Environmental, social, and corporate governance (ESG) investing has not only become a popular investment trend but also a new front in the culture wars. Market predictions show that global ESG-mandated assets will reach $55 trillion in 2022 and close to $100 trillion in 2025. But has the recent spike in ESG investing driven…


The Age of Easy Money Is Over

Commentary What began in 2008 and continued for the better part of 14 years appears finally to be coming to an end. The era of cheap money and credit is over. It’s hard to wrap one’s brain around the implications. It will affect all of business life and personal finances. It will dramatically change financial…


Assets of the Wealthy Shrink, and Internet Technology Moguls Drop on China’s Rich List

News Analysis A newly released list of China’s 100 richest people indicates that the total wealth of entrepreneurs, in particular fortunes in Internet technology, diminished significantly. Experts believe that this may be related to the overall economic decline and that their assets would be further reduced from a future trend. Compared with the year before,…


Dubious Prospects for Xi’s China

Commentary Chinese Communist Party (CCP) members have completed their 20th National Congress. Now, all know for sure what was apparent even before the conference convened. Xi Jinping is firmly in control and has placed loyalists in every position of power. From this easily anticipated outcome, it is possible to draw three conclusions about China’s future….


FTX Collapse Offers Lessons for Investors

News Analysis The cryptocurrency industry is imploding at a shocking rate. FTX, which a few weeks ago was considered a “lender of last resort” and a crypto industry stalwart, filed for bankruptcy. Its charismatic founder and (former) CEO, Sam Bankman-Fried, lost a $16 billion fortune in a matter of days. Bankman-Fried, whom a few months…


A Financial Vulnerability

Commentary Financial fears have grown as interest rates have risen and the shadow of recession has lengthened. Most worrying are what might be termed undefined risks. Declines in stock and bond market values, though troubling, are nonetheless quantifiable and well-defined. In contrast are the kinds of vague risks introduced by Washington’s mortgage giants, the Federal…


Biden Cut the Pipeline, Complains About High Gas Prices

Commentary President Joe Biden appears to have no understanding of where high gas prices come from and that his policies have contributed to the problem. “If oil companies were investing their profits in their operations at historic rates, America would produce more oil today and prices would be down even further. Rather than giving Americans…


Midterm Elections Are Bullish Even in a Bear Market

Commentary  With the midterm elections behind us, does the market outlook improves given a now gridlocked Congress? Historically speaking, such is the case. As noted by Michael Cannivet via Forbes: “Before you hit the panic ‘Sell Everything’ button, though, it’s worth considering at least one bullish catalyst on the horizon—voters head to the ballot box…


What It Means for Inflation to Be Embedded

News Analysis Every economic news release these days is an exercise in downplaying disaster. The bureau in question carefully crafts the results announcement, and the media picks up on it, spinning the bad news as good news. It seems to happen every time, such as with the terrible jobs report last week that somehow got…