Flushing Cash Into The Casino—-The Media Stock Swoon Shows That It Works Until It Doesn’t

If you don’t think the Fed and other central banks have transformed financial markets into debt besotted gambling casinos, consider the last few days of carnage in the media stocks. That sector is rife with bubble finance infections. To wit, hedge fund speculators feasting on zero interest carry trades and cheap options own 10% of the 15 companies which […]
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