In the western world, it seems that a company can’t grow really big without doing business in China. This has been true for nearly two decades. Almost all global fortune 500 companies are now more or less having business presence in China. The Chinese market has event become a profit generator for some big companies, especially [...]
Finally, Bernard Madoff is sentenced to 150 years in prison. Since Madoff’s $50 billion Ponzi scheme first came to light, many have been introspecting themselves. Recently , I read a report saying a fund manager who had acquired from his friends a significant amount of funds for Madoff cancelled his 50-year birthday party because he [...]
I don’t know if term “smoking gun” came from a story similar to what is told in the image, but I do know a fact that smoking gun is a hidden killer in the human society. It could create huge problems in many domains. As a matter of the fact, recently all of us just [...]
Reports now say the US GDP shrank 5.5% on the annual basis in the first quarte. Experts predict the GDP number is going to turn positive by end of the year. The financial market has been positively responding to the data. This sounds little to me. GDP is a complicated economic indicator. But in general, it doesn’t really [...]
