Daily Archives: July 18, 2013

John Gapper

How well is Wall Street doing? That depends on whether you are looking at their results as a casual observer, or a shareholder.

This is turning into one of the best earnings seasons on Wall Street since 2009, when banks made a rapid recovery from the 2008 crisis. Not only were they bailed out but supported by ultra-low interest rates and official backing for troubled assets. Read more >>

John Gapper

Alfred Marshall, the economist, wrote in 1890 that changes in technology and trade meant that “the operations in which a man exceptionally favoured by genius and good luck can take part are so extensive as to enable him to amass a large fortune with a rapidity hitherto unknown”.