The trouble with economic booms is that “crazy” is largely a matter of timing. For anyone who was paying attention in the 1980s, the idea that Brazil, with its runaway inflation problems, would emerge as a powerhouse driver of global economic growth while developed economies struggled in the mid to late 2000s would have seemed… Keep reading →
JP Morgan may be on the verge of the largest payment ever to the Federal Energy Regulatory Commission, at close to $1 billion, related to allegations that the bank manipulated electricity markets in California and the Midwest. The deal is not yet finalized, but the conversations highlight an increasingly aggressive stance taken by a little-known… Keep reading →
