The stock market may be waking up to the possibility that Pfizer may go bankrupt due to the upcoming Covid vaccine legal claims as its value plummets to below pre-pandemic levels.
The post Pfizer May Go Bankrupt, Financial Markets Realise, as Company’s Value Plummets to Below Pre-Pandemic Level appeared first on The Daily Sceptic.
Moderna and BioNTech shares both fell to their lowest price in years on Monday as the companies behind the most widely-used mRNA COVID-19 vaccines grapple with investor disappointment with crashing revenues.
The post Covid Vaccine Makers’ Stocks Crash as Sales Drop off a Cliff appeared first on The Daily Sceptic.
What do nations care about the cost of war, if by spending a few hundred millions in steel and gunpowder they can gain a thousand millions in diamonds and cocoa?― W.E.B. DuBois He died. In an assisted (sic) care (oxymoron) home (nope) facility/prison (yes). Homeless for a few years; he was a photographer; and his […]
The post Once a US Soldier, Always Wounded, Always Losing! first appeared on Dissident Voice.
At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania. In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money swoops in to buy up …
Wall Street may own the country, as Kansas populist leader Mary Elizabeth Lease once declared, but a new generation of “retail” stock market traders is fighting back. A short squeeze frenzy driven by a new generation of gamers captured financial headlines in recent weeks, centered on a struggling strip mall video game store called GameStop. […]
It’s an unprecedented coalition of business networks that have come together to raise our ambition. Not just to help our individual CEOs succeed, we’ll do that for sure. But to actually bring their voices together to help shift culture. So that the pushback on the BRT [Business Roundtable] from different business publications or other people […]
Newspeak, Trumpism and conspiracy theories News Junkie Post has a policy of zero tolerance for conspiracy theories. With a story as big and global as the COVID-19 pandemic, alternative narratives from conspiracy theorists were bound to happen. Like most news outlets, big or small, News Junkie Post‘s main focus in 2020 was the pandemic. Our […]
Image courtesy of our comrade Hermit
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the center cannot hold
Mere anarchy is loosed up the world….
The best lack all conviction, while the worst
Are full of passionate intensity.
— The Second Coming”, William Butler Yeats, 1919
On June 2, 2020, Jan Dehn of Ashmore Investment Management Limited remarked:
If central banks were to allow asset prices to reflect the actual underlying fundamentals – record levels of debt, record low productivity growth, record unemployment, record populism – the resulting crashes in financial markets would be so large that most Western economies would be plunged into deep and lasting depressions.1
Things often look the way they do because someone claiming authority tells us they look that way. If that sounds too cynical, pause for a moment and reflect on what seemed most important to you just a year ago, or even a few weeks ago.
