Back in the day when Russell Long of Louisiana was chair of the Senate Ways and Means Committee, he used to tell a ditty to
Otto Von Bismarck, the man credited with uniting various fiefdoms into what is today Germany, once said there are two things the public must never
Investors were told that their monies were invested in government debt and real estate projects that would produce a return of 6-7 percent per annum..
There is an old maxim in China: “He who chooses to ride the tiger goes wherever the tiger goes.” This has gained relevance for investors after China decreed over the past weekend that private schools set up to tutor Chinese students will have to become non-profit in order to continue operating.
Data shows that companies borrowed around $11 trillion to stay afloat during the time that revenues declined or disappeared. The repayment of this sum, along with the interest it generates, will impact profits and cash flows for years.