“I don’t feel as though fate looks upon you often — and when it does, you better be ready to seize the opportunity,” Sabula said.
“I don’t feel as though fate looks upon you often — and when it does, you better be ready to seize the opportunity,” Sabula said.
That's because, as I explain below, an option framework explains why share prices in a largely-insolvent banking system are effectively a proxy for expected GDP growth. At the time I wrote this, Chinese banks were trading at 3-4 times book.
carnegieendowment.org/china-financ...
That's because, as I explain below, an option framework explains why share prices in a largely-insolvent banking system are effectively a proxy for expected GDP growth. At the time I wrote this, Chinese banks were trading at 3-4 times book.
carnegieendowment.org/china-financ...
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Institutions and growth: How banks used to provide the liquidity that fuels innovation and growth
Institutions and growth: How banks used to provide the liquidity that fuels innovation and growth
Trump's National Security Strategy is the longest suicide note in American history
www.theatlantic.com/ideas/2025/1...
Trump's National Security Strategy is the longest suicide note in American history
www.theatlantic.com/ideas/2025/1...
Very interesting Caixin article on how the Big Four AMCs, badly hurt by falling real estate prices and weak NPL resolution, are buying bank stocks and recognizing the gap between their prices and their higher book values as paper profits.
www.caixinglobal.com/2025-12-12/i...
Very interesting Caixin article on how the Big Four AMCs, badly hurt by falling real estate prices and weak NPL resolution, are buying bank stocks and recognizing the gap between their prices and their higher book values as paper profits.
www.caixinglobal.com/2025-12-12/i...
Mark Kelly: "It seems to."
Bash: "If you received that order, would you have carried it out?"
Mark Kelly: "No…Going after survivors in the water is unlawful."
Mark Kelly: "It seems to."
Bash: "If you received that order, would you have carried it out?"
Mark Kelly: "No…Going after survivors in the water is unlawful."
“Our American Code of Military Obedience requires that, should orders and the law ever conflict, our officers must obey the law.”
That is precisely what Senator Mark Kelly told officers to do. #NoSedition
“Our American Code of Military Obedience requires that, should orders and the law ever conflict, our officers must obey the law.”
That is precisely what Senator Mark Kelly told officers to do. #NoSedition
Needing to unblock key lines of logistics, UKR troops have been daringly dropped-in by low flying helicopters in territory Russian claimed was captured.
My initial reaction is it's a huge gamble, but the only other option was to retreat.
Needing to unblock key lines of logistics, UKR troops have been daringly dropped-in by low flying helicopters in territory Russian claimed was captured.
My initial reaction is it's a huge gamble, but the only other option was to retreat.