The Surprisingly Good Reason Bond Prices Are Crashing

Published: Sept. 12, 2019, 6:57 p.m.

WeWork is in the news with preparations for its IPO, and Dan targets his weekly rant on the company\u2019s mission you\u2019ll never be able to deduce from its IPO filings.

With its mission statements reading like mantras \u2013 \u201celevate the world\u2019s consciousness, community company committed to maximum global impact,\u201d Dan gets to the really damning statistic buried deep in the filing \u2013 \u201cthe bigger they get, the bigger their losses get. This thing ain\u2019t working.\u201d

Dan then gets to the bubble in late-stage private financing, vulture capitalist Martin Shkreli\u2019s latest antics, AT&T\u2019s huge move, and the similarities between stocks today and stocks in 2018 right before the 20% plunge.