Yves here. Subprime auto loans provide more evidence that this supposedly solid “recovery” has cracks in its foundations. This is the sort of “Ponzi finance” behavior that Minsky accurately depicted as leading to eventual ruin. By Wolf Richter, editor of Wol…
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Month: February 2020
Charlie Munger: The Strongest Companies In The World Are In China, Not America
Chinese companies are stronger than ours, Munger said in his annual address. Nati Harnik/ASSOCIATED PRESS Topline: Famed investor Charlie Munger, vice chairman at Berkshire Hathaway and longtime business partner of Warren Buffett, shared his investing wisdo…
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Tesla recalls 15,000 Model X SUVs for power steering issue in North America
WASHINGTON (Reuters) – Tesla Inc (TSLA.O) is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash. The National Highway Traffic Safety Ad…
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Latest Florida news, sports, business and entertainment at 6:20 a.m. EST – WTVM
Police: ATV riders shot men in moving car; bystander wounded MIAMI (AP) Police in Florida say a group of people on all-terrain vehicles ambushed a moving car and shot three people. News outlets report one of the shooting victims in southwest Miami-Dade Count…
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Latest Florida news, sports, business and entertainment at 6:20 a.m. EST – WALB
Police: ATV riders shot men in moving car; bystander wounded MIAMI (AP) Police in Florida say a group of people on all-terrain vehicles ambushed a moving car and shot three people. News outlets report one of the shooting victims in southwest Miami-Dade Count…
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