"These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions."
“While I believe in the freedom of expression, I do not think it includes insulting other people. You cannot go up to a man and curse him simply because you believe in freedom of speech...”
And in what may be the greatest example of "whataboutism" in modern history, Black said that Epstein worked with many prominent individuals after he was released from jail, and that "the distinguished reputations of these individuals gave me misplaced comfort."
...systematic rules-based investors will mechanically generate “de-grossing” flows, because positions (in light of volatility) are now too large and have to be sized-down...
But what if normal Americans do not want to be lectured to? Perhaps real populism in America is simply letting people raise a family and grill in peace?
What goes down, must come up, and one quarter after US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history.
The financial history of this young century will show how badly our reliance on bailing out markets with free money, bank-rescues and “stimulus packages” worked out...