Financial engineering has paid much better dividends for corporations than actual engineering. For the health especially of the U.S. economy, this needs to be reversed.
Those at the top of Wall Street finance know that what they do may be wrong – but not necessarily illegal. And so they carry on, under the “watchful” eye of US authorities.
Decent nations appear helpless against the spread of corruption. Their own elites keep promoting the racket.
Crown Prince Mohammed bin Salman wants to sell shares in state-owned oil giant Aramco to fund the grandiose reinvention of Saudi Arabia.
Will hollowed-out US “blue-chip” companies form the core of the next subprime crisis?
Donald Trump and Wall Street are both at big-time bubble stage. When they come crashing down, that could deal a severe blow to the entire world.
Are Americans better off today than they were when President Obama was sworn in as president?
Amidst global stock market turmoil, what about Europe’s fundamentals?
Examining the effects of the U.S. division into Main Street, Wall Street and Washington.