In the real world it’s all about the bottom line. But in the White Shoe Boys Wall Street world it’s about a small gang being in complete control to run and rule the equity markets as they wish.
Tag: U.S. economy
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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SPOTLIGHT: BIGS GETTING BIGGER
The “Bigs” are getting back into “Big” business. As we have noted when the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree slowed down dramatically.
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SPOTLIGHT TOP TREND 2023: OFFICE BUILDING BUST
Years of overbuilding and the transition to remote work has raised the U.S. national office vacancy rate to 19.6 percent, compared to 18.8 percent a year ago, Moody’s Analytics reported, the highest since at least 1979, the year Moody’s began tracking the data.
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MORGAN STANLEY AGREES TO PAY $249 MILLION FINE IN STOCK TRADING SCANDAL
In exchange for avoiding a criminal trial and no one receiving a prison sentence, Morgan Stanley bank agreed to pay a $249-million fine to the U.S. government to settle an investigation into the bank’s handling of several large stock trades from 2018 into 2021.
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MOST BOOMERS HAVE NOT SAVED ENOUGH TO RETIRE
Fewer than half of the Baby Boom generation, born between 1946 and 1964, have the resources to retire comfortably, a study by Business Insider found.
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MORTGAGE DEMAND RISES WITH NEW YEAR. SO DO MORTGAGE INTEREST RATES
The number of applications for mortgages to buy a home rose 6 percent during the first week of this year from the final week of December but remained 16 percent below the number a year earlier, the Mortgage Bankers Association (MBA) reported.
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U.S. MEDIAN HOME PRICE JUMPS 5.2 PERCENT IN NOVEMBER
The median selling price of U.S. homes in November reached $434,700, the U.S. Census Bureau reported, a 5.2-percent increase year on year compared to a 4.7-percent bump in October, according to data service CoreLogic.
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INFLATION KEEPS RISING
U.S. consumer prices grew by 3.4 percent in December, the Labor Department reported, surpassing November’s 3.1 percent and beating economists’ forecasts of 3.2 percent.
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ECONOMIC UPDATE – MARKET OVERVIEW
Pick your country, take a trip around the world. By the hard facts and indisputable data, across the socioeconomic and geopolitical spectrum it’s a freak show run by political freaks.