When Secretary of State Hillary Rodham Clinton passed through San Francisco last week I jumped at the chance to get an up to date overview on American foreign policy. The former first lady was making a brief San Francisco stop on her way to meet leaders on an extended Asian tour. She showed up wearing
?If there were no way to short stocks, the probability of stock market bubbles would be much greater,? said hedge fund manager, Bill Ackman, of Pershing Square.
The call was scratchy and barely audible. I was instructed to not mention any names. I should only use the prearranged code words when talking about political parties. You never know when the phones in China are tapped. I was just about to get a heads up that the People?s Bank of China was going
?Public sentiment is everything,? said Abraham Lincoln.
Come join me for the Mad Hedge Fund Trader?s Global Strategy Seminar, which I will be conducting in Beverly Hills at 2:00 PM on Monday, June 11, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee and snacks will be made available, but no food.
All eyes will be focused on Federal Reserve Chairman, Ben Bernanke, on Thursday looking for any hints that further quantitative easing is on the way. Don?t get your hopes up. I don?t expect the esteemed former Princeton professor to conveniently tip his hand. At the most he might make a reference to ?keeping all options
I heard a fascinating story from my friends at the US Treasury the other day. Even though unemployment is high, personal tax refunds were plummeting and tax revenues were soaring. What was even more puzzling was that the states with the worst unemployment rates, like California, Nevada, and Florida were seeing the heftiest increases. Weren?t
?China has more dry gunpowder than just about anyone in the world. But it now looks like the soft landing is turning into a hard landing,? said John Brynjolfson, managing director of hedge fund Armored Wolf.
The dramatic collapse in the price of oil is creating a rare opportunity to get into some of the highest yielding paper in the financial markets, master limited partnerships (MLP)?s. These are LP?s that are publicly traded on a securities exchanges. These unique and versatile instruments combine the tax benefits of a limited partnership with
?Here come the helicopters once again,? said Austan Goolsbee, former chairman of the council of economic advisors.