How Prime Brokers feed leverage to Hedge Funds.
Read moreWhat makes this financial crisis so dangerous, is how weak our corporate sector is. Going into the current crisis, American Corporations are more indebted than at any time in history. It was just a couple of weeks ago that total corporate debt outstanding topped an incredible $7 Trillion Dollars. Never before have the corporate sector piled on this type of leverage.
Read moreFor the Street, the Crash was part of our culture. Of course, these people knew, perhaps better than any others, the terrible tragedy of that time. The memory of men jumping out of windows to their death, was very real. The lost fortunes, and desperate lives were all part of the Street's tradition.
Read moreThere is a “meme” going around the Traders on Wall Street. The meme is that the stock markets always have a bubble during the second decade of a new century. Its the “Roaring 20's.” The most famous of the Roaring 20's, was, of course, our own Roaring 1920's. A time of the tin Lizzy, flappers and a stock market that just wouldn't quit. When everyone became a speculator in stocks.
Read moreYou can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.