Michael P. Regan, Columnist

Fatter Neckties Will Save the Economy

This economic indicator is truly broad. Maybe too broad.

October 28, 2016 at 9:10 PM UTC

Michael P. Regan is the global team leader for cryptocurrencies at Bloomberg as well as a former senior markets editor and former Americas team leader for Bloomberg's Markets Live blog. He has covered Wall Street for Bloomberg News as a columnist and editor since 2007. He previously worked for the Associated Press.

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The first interesting financial-news story of the week described Wells Fargo's new TV advertisement and its simple strategy: Hey, sorry for all those fake accounts.

It opens with a close-up of a team of horses galloping in slow motion, so initially it looked like the Budweiser Clydesdales. That made me think, hmm, are they really dispatching cold Buds to everyone affected by the scandal? Scandal over!