A large multinational company announces that its business has grown significantly from a year earlier, that its earnings are up more than 20 percent and its sales up nearly 25 percent. Its products continued to see strong demand around the world, with the only negative being that some people apparently held off buying because they wanted to wait for the newest version.
Read moreHuge Corporations Win Global Economic Spoils as 99 Percent Get Squeezed
The 1 percent versus the 99 percent—the haves and the have-nots; the government or the people; China versus the United States. Our conversations today are framed by these splits, yet as compelling as these are, they are each secondary to the yawning gulf that has emerged between large, multinational companies and everything else.
Read moreMarkets’ Mania Persists as Stocks Soar on News of Eurozone Deal
In yet another chapter in the manic saga of global markets, stocks soared Thursday around the world after European leaders announced yet another comprehensive plan to solve—once and for all?—the deepening sovereign-debt crisis. The outpouring of optimism was given an added boost by the release in the United States of third-quarter economic figures that indicated GDP increased 2.5 percent, and the icing on the proverbial cake was supplied by news that the Chinese government would potentially add some of its trillions in reserves to help shore up ailing European finances.
Read moreMarkets’ Mood Swings Show Volatility, Don’t Signal Financial Armageddon
Once more into the breach we go. After a strong week where markets regained some footing, Monday once again saw a sharp selloff of nearly 2 percent. These wildly volatile days have been the norm since mid-summer, and as any market maven will attest, such volatility usually means that there is more to come.
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