MONEY (MSM)

China Has No Good Plan to Deal With Its Achilles Heel
October 07, 2015 MONEY (MSM)

China Has No Good Plan to Deal With Its Achilles Heel

Beijing has yet to put together a credible response as to what should be done with zombie companies, the huge swath of unprofitable state-owned enterprises surviving on the good will of the Chinese government. Until it does, private companies in the world’s second-largest economy will continue to fight an uphill battle for growth, and China’s reform efforts will share a key characteristic with the mythical creature in question: not dead, but not really

China has no good plan to deal with its Achilles heel
October 07, 2015 MONEY (MSM)

China has no good plan to deal with its Achilles heel

Beijing has yet to put together a credible response as to what should be done with zombie companies, the huge swath of unprofitable state-owned enterprises surviving on the good will of the Chinese government. Until it does, private companies in the world’s second-largest economy will continue to fight an uphill battle for growth, and China’s reform efforts will share a key characteristic with the mythical creature in question: not dead, but not really

Profits at big U.S. banks soar since crisis: New York Fed
October 07, 2015 MONEY (MSM)

Profits at big U.S. banks soar since crisis: New York Fed

Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73 billion, up from annual average of $25.08 billion from 2002 to 2008, they said.

Profits at big U.S. banks soar since crisis: New York Fed
October 07, 2015 MONEY (MSM)

Profits at big U.S. banks soar since crisis: New York Fed

Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73 billion, up from annual average of $25.08 billion from 2002 to 2008, they said.

Tesla’s Model X Mystery
October 07, 2015 MONEY (MSM)

Tesla’s Model X Mystery

Tesla Motors unveiled its Model X crossover vehicle last week. Analysts at Morgan Stanley, who have been bullish on the stock, lowered their delivery forecasts in a note Tuesday, due to average transaction prices that are “easily $10,000-$15,000 higher” than previously expected. Morgan Stanley now expects 20,000 deliveries of Model X in 2016, down from 25,000.

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