Where zombie companies are thriving because of limitless free debt, the basic functioning and discipline of markets is in trouble. It encourages the survival and even apparent success of implausible tulip-like names...
... it’s become harder to make money with short bets against companies, and it’s finding more opportunities in long bets and investment in early-stage companies.
Four major Chinese state-owned media outlets had front page commentaries on the stock market today, with all articles saying largely the same - calls on market participants to be rational.
China-dedicated equity funds saw an 11th consecutive week of net outflows, and absent a full-blown stock bubble, China is rapidly approaching its zero dollar-endgame.
6 days before his firm's loan was approved, Gerber himself took to Twitter to say that the "whole PPP thing looks like a scam. Another big Trump scam."
Maybe instead of hoping and waiting for the US government to bail them out, all these "professional" money managers and advisors could have predicted what was coming and profited from it instead...
Max Wiethe joins managing editor Ed Harrison to discuss sentiment, the 2020 election, and forward earnings and what sort of impact that will have on markets in…
