I attended a roundtable discussion a while back, where we discussed worldwide trends. A question about business came up: “What business functions will never go out of style?” My answer: “Debt, equity, and liquidity.” Seems simple and practical, right? You have a business idea or life aspiration, and someone rolls up to enable those goals […]Read More Will the pandemic cause commercial real estate to implode, or will bank fraud do the job first?
The two stupefying Wall Street Journal charts about US credit card debt you see above has caused me to break from my typical Sunday Smack format of simply raising questions without a strong injection of my opinion. Banks are issuing more credit cards today than they did just prior to the 2008 financial crash while […]Read More SUNDAY SMACK: 2008 ALL OVER AGAIN?
As we approach the conclusion of Greece’s referendum today to see what “The People” think about the European Union’s bailout package in the face of that recent International Monetary Fund’s bombshell&more on that shocker later—I want to crystalize the issue at hand in familial terms. After taking a household salary cut to get a loan, […]Read More WHAT’S AT STAKE IN GREECE
While most Americans don’t seem to care about the brewing FIFA corruption scandal, I’m equally amused and annoyed about how the US Justice Department can find the time and energy to file criminal charges against an international soccer organization, but can’t seem to arrest banking executives for laundering the money of Saudi terrorists and Mexican […]Read More AMERICA’S PUZZLING FIFA BEEF