The Fed’s Irrationally Exuberant Stock Market
In the past 5 years, the S&P 500 stock index has risen over 50% and during that period operating profits for non-financial companies have declined over 15%, a drop that
In the past 5 years, the S&P 500 stock index has risen over 50% and during that period operating profits for non-financial companies have declined over 15%, a drop that
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed. This is considered
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter One of the biggest such deals ever, happening now: How investors allow a group of PE firms to extract $3.75 billion from a company after they’d already
Exuberant stock market, disappearing middle class, history repeats itself [ A 32-year-old mother of 7 children called Florence Owens Thompson, Nipomo, California. February 1936.] One in five American households have