Predatory lending, IBM, Denninger on Apple & Magnus on debt
Hundreds of thousands of military members and their families have fallen prey to predatory loans as a result of large loopholes in the Military Lending Act. Erin weighs in. Karl Denninger, author of ‘Leverage’ and blogger at Market Ticker’, talks about regulating payday loans and Apple’s earnings results. George Magnus, economist and author of ‘Uprising: Will Emerging Markets Shape or Shake the World Economy?’ discusses emerging markets. And in the Big Deal, Erin and Edward Harrison discuss IBM’s tipping point on how much share buybacks can bolster the stock price in the absence of top line growth. Is this the end of the line for IBM’s growth prospects? Edward and Erin Discuss.
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