Given the length and breadth of credit that has been extended over the last decade, and the ever-more risky search for yield, it seems likely the next blowup will find its way into a wide range of unsuspecting American investment portfolios.
Amid reports that pressure is mounting on the Securities and Exchange Commission to act on Elon Musk's "funding secured" Tweet, there is also another camp making the argument that Musk "might not have to worry" at all about the SEC.
"The recent divergence in the performance of US Equities vs. the rest of the world is unprecedented in history. Given that this is such a rare occurrence, it suggests to us this is a market condition that will not persist."
Scandal-plagued actor Kevin Spacey's latest film "Billionaire Boys Club" earned only $126 U.S. dollars in Friday's debut, and only $618 for the entire weekend, marking a career low for the disgraced Hollywood star.