Purely in terms of investment, did CVS just make a brilliant move by stopping the sale of tobacco products? It looks to me like that was just stupid.
Anybody else get the feeling he was some sort of con artist?
Every single year since the Nasdaq has existed, the index has opened higher on the first trading day of the year than it closed on the last trading day of the previous year. Every single year until today. [more]
If deposits or capital cost a bank 3%, and they lend it out for 4%....the NIM should NOT be 1%. They are paying 3% on the desposits, and then they are lending for 4%....but they are lending 5-10 times leveraged. So 5x leverage on 4% loans is 20% minus the 3% capital requirements, NIM should be 17%....this is all of course before building and employee expenses etc
What am I missing? [more]
The fed creates money out of nowhere in order to pay interest on federal debt. So I understand that higher rates makes people less likely to borrow and therefore less likely for new money to be created. But higher rates means the fed has to print even more money than before just to pay interest. More money being printed would lead to more inflation. [more]