Remember Groupon? It’s the daily deals company that went public in November, much to the excitement of the investment banks who helped take a chunk of the company’s cash and fantastic drunks who enjoy short-selling the rest of the world’s suckers.
Cut to today! We’re not sure whether or not this is routine business—or just how routine this is, but this just showed up in our inbox: Read More
IN 2008, I was on the losing end of a gold trade—swindled, really.
By my dad.
I had just been laid off after the literary agent I worked for was poached, but was lucky enough to find a job and not have to file for unemployment only days later. In the interim between paychecks, however, I’d be broke.
“Well, you’ve got those coins lying around,” he suggested. Read More
The worse the economy gets, the more Peter Schiff gets to be on televison–or at least that is how it was until recently. Mr. Schiff, CEO of Euro Pacific Capital, was one of the notorious market pessimists (or, in his opinion, realists) who forecast the collapse of the housing bubble before it happened. From 2004 Read More
MG Siegler has a post up at TechCrunch giving the big “so what” to doomsayers who have been fretting about a tech bubble:
In other words, if this “bubble” were to pop, it wouldn’t be the mothers and fathers of the world hoping to put their children through school who would be getting screwed. Read More
Fortune is bullish on New York’s lightweight tech scene:
Why New York, and why now? For many of today’s Internet companies, the competitive advantage lies in the innovative nature of their products, not necessarily their technological prowess. Thanks to Internet-based services such as EC2 from Amazon (AMZN), startups can essentially rent the supercomputing power Read More
There has been much talk lately about the potential of a dangerous real estate bubble in Israel’s cities.
The Observer’s Laura Kusisto asked last week if Israel — where foreign buyers of luxury properties have not only rapidly and substantially driven up the cost of housing, but have created a fragile market — Read More
Guess what’s all the rage? Junk bonds, according to The Wall Street Journal. As prices on U.S. Treasury securities and high-grade corporate debt remain inflated, investors are venturing into riskier waters, buying up riskier bonds with fewer protections — all in the name of higher returns.
The Journal says that last week, junk-bond prices Read More
Here’s a fun characterization of the bond market from Bloomberg columnist and London bureau chief Mark Gilbert: “Like a drunk at a party, the bond market is starting to bump into tables, telling off-color jokes, talking too loudly and spilling drinks. The smart guests will steer clear before he starts screaming at his shoes Read More
Colin Barr at Fortune’s Street Sweep (an Observer Wall Street favorite) offers a balanced take on the where U.S. Treasuries might be headed following their meteoric rise in popularity in 2010.
Traders have flooded into the bond market at a rapid clip as concerns that the economy isn’t recovering fast enough — and may Read More
After rising for two days and enjoying a burning-hot August, the bond market is undergoing a pullback today, thanks in part to a better-than-expected manufacturing report from the Institute for Supply Management and rosy numbers out of China’s manufacturing sector. Contrary to Wall Street superstition, the stock market is enjoying Read More
