In Friday's edition of #MeToo in addition to Les Moonves we have a second entrant: Mel Watt, the regulator of insolvent mortgage giants Fannie Mae and Freddie Mac, is under investigation for alleged sexual harassment of an employee.
"...it’s not just homes. Stocks and bonds as just as overvalued... because of a behemoth attempt at making the economy look good, even though it’s entirely fake. No price discovery, no market, just central banks and tweaking standards and surveys."
"All bubbles collapse, but not all bubbles collapse in the exact same way. I believe the Fed has created a perfect storm of combined deflationary and inflationary factors; an economic bomb to surpass all economic bombs."
The Fed may have to “sell more securities,” and “as all asset prices adjust to a new and maybe not-so-positive environment,” there’s “a risk that volatile and declining markets can lead to market panic.”
Jamie Dimon’s total 2017 award of $28.3 million included perks such as personal use of corporate aircraft ($73,921), personal use of cars ($29,848) and the cost of “residential and related security” ($48,259).