From the Slope of Hope: Over the past ten months, in steps almost too small to be noticed by the mass media, Apple has shed over two hundred billion dollars in value. That's nearly one quarter of a trillion dollars in wealth which would have fed shareholder dreams of new houses, new boats, new jewelry, and mink coats, but..........it's gone.
By Chris at www.CapitalistExploits.at
Note: The following is a parody. Characters are fictional (some, at least) and any similarities that may exist with people real or imagined are purely coincidental. Really!
December 10, 2015, around 2 AM
As we previewed on Thursday, the biggest event of the week, and perhaps of the month, was not Friday's nonfarm payroll report, but the January update of China's FX reserves, which the PBOC released last night. The number came out at $3.2309 trillion, down $99.5 billion from the prior month, and $8 billion less than the December outflow of $107.6 billion.
The earnings season has started, and several major banks in the Eurozone have already reported on how they performed in the fourth quarter of 2015, and the entire financial year. Most results were quite boring, but unfortunately Deutsche Bank once again had some bad news.
Peer-to-peer lending is probably a bad idea.
Securitizing peer-to-peer loans is definitely a bad idea.