The market reaction to the weekend announcements regarding Cyprus shows the degree to which confidence and context affect investors’ and traders’ decisions. It is impossible to believe that European Union, IMF and Cyprus government officials were not aware of the effect their proposal would have on confidence in the entire banking system in Europe. It […]
At the Compliance Exchange, I posted some thoughts on the SEC sending a Wells Notice to Netflix and their CEO, Reed Hastings.
It turns out that that Holman Jenkins at the WSJ agrees with me.