How does this compare historically?
There's always something that starts the dominoes to fall. Public pension systems failing.
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Amazon's exit could scare off tech companies from New YorkNEW YORK (AP) — Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company's anti-union stance. With millions of jobs and a bustling economy, New York can withstand the blow, but experts say the decision by the e-commerce giant to walk away and take with it 25,000 promised jobs could scare off other companies considering moving to or expanding in the city, which wants to be seen as the Silicon Valley of the East Coast. mikesisak joshboak Socialism doesn't pay. mikesisak joshboak Good. mikesisak joshboak Only if they demand huge tax cuts. Not sure why that is difficult for idiotic 'journalists' to understand.
Source: AP - 🏆 728. / 51 Read more »
How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’Dangers are lurking in index funds, an area of the stock market is known for its history of outperformance against actively managed funds and ironically, it is stock picking that may be at the heart of concern in so-called passively managed index funds.
Source: MarketWatch - 🏆 3. / 97 Read more »