Independent thinking for complex markets and current events
Abercrombie & Fitch clothing brand’s former CEO Mike Jeffries stands accused of exploiting young men at his sex parties, according to BBC News. The outlet said Tuesday the brand is probing the allegations against Jeffries, who stepped down from his position in 2014 with a $25 million retirement package. Ex-Abercrombie & Fitch CEO Mike Jeffries …
*BLACKSTONE CEO: THE NUMBERS JUSTIFY FITCH'S US DOWNGRADE — zerohedge (@zerohedge) August 4, 2023 US credit downgrade, another sign of a deepening crisis: The downgrade reflects the massive surge in the US federal debt, which has been driven by a series of bank and corporate bailouts accompanied by runaway military spending. “The downgrading of the …
Animated: Global Debt Projections (2005-2027P) 💳️https://t.co/8XFqKNQowE pic.twitter.com/v4lUyCxnDE — Visual Capitalist (@VisualCap) August 1, 2023 In 1971, global debt was a “mere” $4 trillion. In 2023 global debt is $325T excluding derivatives. How much longer can this debt bubble go? 🚨 pic.twitter.com/jJbSMdWH7h — Wall Street Mav (@WallStreetMav) August 2, 2023 The core of global debt is now …