Merger Monday In The Casino: Why SPG’s Paying 56X For Macerich’s Going Nowhere Malls

Now comes a prime example of central bank financial repression at work.  It’s downright ugly and crystalizes how the Fed and other central banks are generating massive mis-allocations of capital and staggering windfall gains to Wall Street gamblers and their top 1% patrons. In this case, the nation’s largest luxury mall operator, Simon Property Group (SPG), has announced […]
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