I became my mother's keeper, handling her finances, stocking her freezer and picking up her meds at the pharmacy.
Financing stock purchases also became a means for Internet start-ups to lure blue-chip talent.
Probably more important, instead of spending billions on new properties, they paid out dividends and financed stock buybacks.
In China, where the stock market had been soaring, the government had warned banks about improper loans to finance stock speculation.
The sell-off accelerated when the government said last month that it begun investigating the widespread but illegal use of bank loans to finance stock speculation.
In an editorial in Nature Neuroscience yesterday, the editors said the incident underscored the need for scientists to disclose all conflicts of interest, including corporate financing, stock holdings and patents, to keep the public's trust.
"We have all business critical information at our fingertips, with one cloud-based software service managing all the key processes, including CRM [customer-relation management], finance, stock control, webstore & dispatch.
The risks "of investing in equities come primarily from uncertainty about future earnings and about the longer-term interest rates at which those future earnings should be discounted, and not mainly from the possibility that the short-term cost of financing stock positions could increase," Mr. Greenspan said.
According to behavioral finance, stock market returns are influenced by emotional, social and psychological factors.
For example, in finance stock prices often exhibit some jump behavior.
