Wednesday, May 6, 2020
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It's been eight weeks since the WHO declared the coronavirus outbreak a pandemic, and the NBA cancelled games. As of this writing, the NY Post reports: Total cases globally = 3,662,691; Deaths = 257,239.
"How can it be that stocks are soaring when the economy is crashing?" The answer "may be relatively simple: b/c of moves by the Federal Reserve, financial markets are awash in money, vast, water-hose supplies of money... And it’s not just the Fed" https://t.co/7Xi4AUPtBz #corpgov— Stefan Padfield (@ProfPadfield) May 1, 2020
"Our unique privilege is delusion" leading to the belief that abundance "simply materializes around us, regardless of incentives, and the job of politicians is to rearrange this abundance more equitably." https://t.co/LH1ezWaNS8 #corpgov— Stefan Padfield (@ProfPadfield) May 1, 2020
"Regardless of whether a PIPE transaction triggers a change of control under a company’s compensatory arrangements, it may constitute a change in ownership or effective control for purposes of Sections 280G of the tax code, the golden parachute excise tax provisions" https://t.co/UFhxLE1NFK— Stefan Padfield (@ProfPadfield) April 30, 2020