Trump's ranking on Forbes' annual list of the world's wealthiest billionaires took a 'bigly', if not totally 'yuge', hit when the latest list was posted last night. After ranking 336 with an estimated wealth of $4.5 billion last year, Trump fell too 544 with an estimate of $3.5 billion this year.
David Rockefeller, the famous banker and philanthropist with the family name that controlled Chase Manhattan bank for more than a decade and wielded vast influence around the world in the world of finance, has died on Monday morning at his home in Pocantico Hills, N.Y. He was 101.
China home prices rose last month in 11 more cities - 56 of 70 - as the government appears to have lost some of its recent enthusiasm in curbing prices and imposing restrictions on property transactions on concerns this may drastically impact the local Chinese "wealth effect."
“I got here in 97 and it was like it is now – incredibly packed, impossible to commute, high apartment costs. We’re seeing overvalued companies, funded based on hopes and dreams and aspirations and not good business models. Companies counting users and eyeballs rather than profits. There are a lot of similarities."
"In the movie he was portrayed as the moral compass. After hearing his praise for the awesome job Paulson did by saving the criminal Wall Street banks with taxpayer money, I think the justice and righteousness stuff is overdone. Earlier in his talk he said banks existed to “fuck you” – his exact words. Then later he says we had to save them or the world would have ended."
"During the 2008 financial meltdown..There was a total disconnect between the paper price and physical demand. That’s now happening again, but in reverse. The paper price is rising, but physical demand is falling...This strikes me as total madness... There seems to be no fear in the market… no regard for sense or safety."