Several days ago, we explained how China's bizarro M&A scramble was nothing more than a rushed attempt to park as much capital in the US (and offshore) as possible before Beijing gets wise enough and cracks down on this latest loophole to evade Chinese capital controls, we had this to say about the farcical, and now pulled, $14 billion Anbang offer for Starwood, owner of the W Hotels, Sheraton and St Regis brands:
Well, bad news is still good news in Brazil, apparently.
Despite the fact that a complete political meltdown is less than two months away, the market is excited about what’s being viewed as a possible turning point for the country’s economic fortunes.
A reader sends in two essays — one from 2014, the other from 2015 — talking about the wide divergence now in public law, particularly around religion. This is really important stuff, re: the future of religious liberty.
In the 2015 piece, Marc DiGirolami, the Catholic law professor, writes about the ideologization of legal scholarship. Excerpts:
Update: The latest poll from left-leaning Publi Policy Polling found that Cruz leads with 38 percent support, with Trump right behind at 37 percent — within the margin of error.
Amid campaign-manager-assault-gate and the abortion fiasco, Donald Trump appears to be facing his own Waterloo. Polls show Cruz up by 10 points in Wisconsin and that has sent the odds of a brokered convention soaring to almost 70% and pushed Trump's odds of gaining the nomination down to 50%.
"Stock whisperer" Janet Yellen has a major problem. Despite the world's central banks' coordinated easing-driven surge in stocks off the mid-Feb lows, consumer comfort in America has collapsed to its lowest since Dec 2015. The "wealth creation" engine is not transmitting to animal spirits and exuberance among average joes... despite Jim Cramer's exposition that "Yellen is speaking for the common person."
The Fed policy Death Cross...
When extreme monetary experimentation fails.