Archives for: Bubble
There is more debt, credit, and leverage today than there was preceding the banking crisis of 2008. No lessons were learned from that catastrophe as trillions of taxpayer dollars were provided in the form of bank bailouts from the U.S. Federal Reserve. Despite their name, U.S. Federal Reserve Banks are not part of the federal […]
Musk Promises to Power Puerto Rico, Goldman Warns of 50% Drop in Tesla Stock
by Mitch Feierstein about 5 years 11 months ago
In the same week that Goldman Sachs predicted Tesla stock to drop by nearly 50%, Elon Musk has promised to Power Puerto Rico. It’s very clear even to neophyte investors that Tesla’s stock is in bubble territory somewhere outside the stratosphere. Goldman cites massive cash burn, “production issues” with hundred kilowatt-hour battery packs — another […]
Systemic banking fraud means next crisis will be worse
by Mitch Feierstein about 6 years 1 week ago
Henry Paulson. Hank. Remember him? Of the crisis in 2008, he said: “Where I come from, if someone takes a risk and they’re going to make the profit from that risk, they shouldn’t have the taxpayer pay for the losses.” Quite the wisdom one expects from the 74th U.S. Secretary of the Treasury. Yet, as […]
How Central Bank Asset Bubbles and Currency Wars Destroy Emerging Markets
by Mitch Feierstein about 6 years 8 months ago
Has the out-of-control cabal of central banks inflated grotesque asset bubbles in global property, stock, and fixed-income markets? Or are we to believe traditional media’s “fake news” mantra of “it’s different this time?” Well, bad news, folks. It’s never different, not this time, not anytime, NEVER. Capitalism is being destroyed The US Federal Reserve, […]
Apple Inc. is a phenomenon. One of the most remarkable companies in history. It makes products which I personally adore. It has revolutionized so many consumer markets, it’s hard to overstate the company’s effect on our lives. Steve Jobs once said he wanted to put a ding in the universe. And, in his unkindly shortened […]