An Economic Crossroad: Where Exuberance Meets Recklessness
Upbeat earnings, rosy job reports, rate-cut chatter, a red-hot labor market, and robust consumer spending—it certainly has been high times on Wall Street. One is reminded of the days of excess, the “greed is good,” white-collar culture of billion-dollar deals, spending benders, and banks behaving badly. The current appetite in stocks is nothing short of…