Recent Posts

Is student debt ruining the recovery?

  Maybe the college student debt burden isn’t so crushing after all. That’s the surprising gist of a new study by economists at the president’s Council of Economic Advisers (CEA). It’s surprising because burgeoning student debt has become a new economic worry and a political “cause celebre.” It adds to the hurt of millennials, who already face a tough job ...

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Facebook wants to be Google and TV

  Facebook collects less than the 5 percent of the $500 billion spent on advertising each year. For Facebook to achieve the deepest, darkest dreams of Mark Zuckerberg, the company must become the first one that dominates both the kind of precision ads that built Google and the emotional ads that made TV the world’s dominant marketing force. Facebook has ...

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Wall Street debt party rolls on

  It has been a good few months for Wall Street debt traders. Credit-trading profits surged in the three months ended June 30. And based on recent market activity, fixed-income revenues are still coming in strong. Consider that US investment-grade and high-yield bond trading volumes have risen to record levels since the beginning of July compared with previous periods. The ...

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