In 1999, 547 companies rushed towards public markets looking to capitalize on the zenith of the dotcom era. The vast majority of those companies were comprised of young tech darlings and, all told, companies that went public in 1999 took in a record haul of $108 billion.
Read More
Throughout 2015 and all the way into 2018 the Fed was a bit obsessed with being “normal”. They wanted a “normal” interest rate (justifying rate hikes) and they wanted a “normal” balance sheet (justifying a reduction in that balance sheet).
Read More
Let’s return to one of the most pressing questions facing investors right now, one we also discussed last week: Namely, how probable is a recession this year or next? The renowned David Rosenberg, who was one of the handful of economists to predict the 2007 downturn, thinks the US may be in one now.
Read More
Finally! A “Bubble 3.0” chapter mostly devoted to the stock market! Based on what a complex beast it is, the fact of the matter is there are myriad factors that come into play as to which direction it’s heading.
Read More
The idea of a “connected world” has taken many forms over several millennia. In the 4th century BC, trade between regions of Asia and parts of Europe and Africa expanded considerably, connecting foods, cultures, fabrics, metals and fragrances across three formerly detached continents. When Spain and Portugal became interested in finding a direct sea route to Asia in the 15th century, the known world expanded, and the Eastern and Western hemispheres were suddenly linked.
Read More
