Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would "price in" the same tax legislation they have been pricing in every day for the past year, all over again...
Get ready for US markets to price in tax reform all over again in just a few short hours
— zerohedge (@zerohedge) December 19, 2017
With two weeks to go before the implementation of the EU’s dreaded new regulatory overhaul, MiFID II has struck again...
Content originally published at iBankCoin.com
They will play this interview in Harvard's Business School program for centuries to come on what exactly not to do and saying during a nationally televised interview.
Longfin CEO makes a good case for short sellers: 'We do not deserve this market cap." $LFIN pic.twitter.com/OEmIU3yHTC
— The_Real_Fly (@The_Real_Fly) December 19, 2017
Here we go again...
Over the summer, we argued that the grocery business in the U.S. is, and always has been, a fairly miserable one. From A&P to Grand Union, Dahl's, etc., bankruptcy courts have been littered with the industry's failures for decades.
The reason for the persistent failures is fairly simple...razor-thin operating margins that hover around 1-3% leave the entire industry completely incapable of absorbing even the slightest financial shock from things like increasing competition and food deflation.