The stormy market is here to bid goodbye to FAANG and say hello to Triple-A in 2022

FAANG is an acronym of five major technology stocks that include Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet). Jim Cramer coined the term in 2013 while giving accolades to the companies for being the dominant companies in their niches.

That means many investors already have at least some exposure to them. Because the heavy weighting of FAANG stocks in indexes such as the S&P 500 gives them an outsize impact on the broader stock market, it’s worthwhile for investors to learn a bit more about them.

In finance, “FAANG” is an acronym that refers to the stocks of five prominent American technology companies: Meta (META) (formerly known as Facebook), Amazon (AMZN), Apple (AAPL), Netflix (NFLX); and Alphabet (GOOG) (formerly known as Google). 

In finance, “FAANG” is an acronym that refers to the stocks of five prominent American technology companies: Meta (META) (formerly known as Facebook), ...

For low-carbon practices to grow and displace high-carbon ones, integrated action across disparate spaces and coordination between many different actors are necessary (161). For example, mobility scholars (166) highlight the extent of reconfiguration required to disassociate academia from high-carbon travel, including altered institutional cultures, funding practices, and student recruitment to support virtual ways of working. Although novel low-carbon practices may emerge, policy must ensure these stabilize and become prevalent, as well as impeding the circulation of high-carbon practices.

As Matt Taibbi observed way back in 2009 in the midst of the previous bailout, “By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of CDS [credit-default swap] and CDO [collateralized-debt obligation], most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the [2008] crisis to effect a historic, revolutionary change in our political system – transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.” [10]

This year, the Promise’s marketing has emphasized vocational college. Administrators hope marginal students will be less likely to drop out of such programs because they are shorter.

Income share agreements could lower costs and improve outcomes by tying loan amounts to objective judgments of how much the student is likely to earn from her degree. Educational quality could also benefit: Investors would presumably advance students money only for schools that were doing a decent job of teaching them. The risks are that some borrowers could end up paying far more under such a scheme than the current plan and that investors might not lend to students they consider too risky.

His administration cut out the middlemen by killing off the Guaranteed Student Loan Program, the one created under Presidents Johnson and Nixon that relied on banks, in favor of a direct loan program, in which money came from the Treasury. But the government’s loose lending policy, with few questions asked, remained in place. The Obama administration also heavily promoted income-based repayment programs, which set borrowers’ monthly payments at 10% of their discretionary income and then forgave a portion of their debt after 20 to 25 years of payments. This severed the link between the value of students’ education and how much they could borrow, providing a huge incentive for schools to raise tuition, since taxpayers would pick up more of the tab. Enrollment in these programs is one big reason that the government’s costs for student loans are exploding.

The voucher system, combined with a lack of government oversight, created perverse incentives: Colleges could raise money quickly by admitting academically suspect students while suffering little or no consequences if their students dropped out and defaulted on loans.

In particular, the system gave colleges an incentive to maximize the tuition they extracted from students and the federal taxpayer by boosting fees and enrollment, which meant relaxing admissions standards.

援引《彭博社》消息，華爾街證券研究公司 Fundstrat Global Advisors 的聯合創辦人 Tom Lee 12 月 13 日向客戶發電郵時透露，已經厭倦人們不斷詢問目標價格，有鑑於加密貨幣的內在波動性，該公司將停止提供任何「實現公允價格」的時程表。 換句話說，這表示華爾街最著名的比特幣預言家，已經決定放棄對其價格進行預測。 原因很簡單，若回顧 Tom Lee 過去的研究報告，我們會發現他曾預測比特幣的價格將在 2018 年終達到 20,000 美元的目標價格；而年終的預測價格則為 25,000 美元。到了 11 月，他將目標價格削減至 15,000 美元，但比特幣當時的交易價格僅為 5,500 美元，隨後更跌至 4,000 美元左右。總體而言，比特幣價格全年下降超過 70%，而 Tom Lee 最近一次預測的「公允價格」範圍在 13,800 美元到 14,800 美元之間。

Unfortunately, the new rule would leave out key banks with big international presences, like State Street or Bank of NY Mellon, ones that are clearly important global institutions. It would also roll back the Consumer Financial Protection Bureau’s “qualified mortgage” rules, which aim to cut some of the predatory lending practices from the 2008 crisis. It would overhaul the Federal Reserve governance system, possibly making the Fed less independent and more political, as well as undercut regulators’ ability to monitor “shadow banking,” the firms and institutions like hedge funds, asset managers, and money market funds that fall outside the normal banking system but are where many experts believe the next financial crisis will begin.

Now it seems that using the budget bill to water down Dodd-Frank is becoming business as usual. Republicans are pushing a number of potential reform rollbacks as part of the usual end-of-year, closed-door haggling over spending packages. In particular, a bill sponsored by Senator Richard Shelby, S. 1484, has been attached to the 2016 spending bill.

a divorce from Wall Street, could help Democrats win back sizable segments of working class whites