You can’t simply go into business to provide value to customers, employees, and shareholders anymore... Now there has to be some woke purpose that involves diversity, the environment, and whatever else...
Hedge fund managers suffered a record eighth straight month of client redemptions in October, the longest stretch of withdrawals since the 2008 financial crisis.
Interest rates MUST remain low, and debt MUST grow faster than the economy, just to keep the economy from stalling out... This is the very essence of a "liquidity trap"...
"...soon the markets are going to discover that QE is permanent...this is going to end very poorly for people who have been enjoying the paper gains in this stock market bubble."
“The key for this industry is asset aggregation and that’s SCHW’s ultimate goal – it had $3.768t of client assets as of the last quarter and adding AMTD’s $1.3t would take the combined company to >$5t."