Category: Hedge Funds
Overnight Sentiment: Face(Book)ing The Selloff
And so the unthinkable has happened: the FaceBook IPO has priced (at $38 as noted yesterday) into the ugliest possible tape imaginable, combining continuing bad news for JPM, ongoing deterioration for European risk markets (nothing new here), the need …
Rest-Of-World Equities Rapidly Going Red Year-To-Date
Asia is deteriorating rapidly this evening – extending losses from the US day session. S&P 500 futures just touched 1300 once again and credit markets are bleeding wider. Only the DAX remains positive for the year so far in Europe; today’s price ac…
Geithner Comes Clean: "I Don’t Understand It"
Tim Geithner outdoes himself this evening with three hypocritical, self-defecating-deceiving, and typically ignominious clips courtesy of his interview with Jeffrey Brown of PBS NewsHour. While we knew TurboTax was beyond him, the Treasury debacle-in-c…
Prudent Fiscal Policy and Political Suicide
Wolf Richter www.testosteronepit.com
French President François Hollande cobbled together his government yesterday, appointing no less than 34 ministers (of whom 16 are ministers of state). Exactly half of them are women, for the first time…
Forget Peak Oil, Time To Worry About Peak Oil Labor
By EconMatters
In a recent working paper, researchers at the the IMF (International Monetary Fund) attempt to reconcile the Peak Oil debate that whether resource constraints will dictate the future of oil output and prices, or advance in tech…
Everything You Need To Know About Europe’s Dilemma In 4 Minutes
The current crisis of the Eurozone is a result of the imbalance of economic power between the core and the periphery but once one understands the non-economic and completely political strategy that is occurring, comprehending the at-times-incredible de…
One Epic Chinese Bubble – One Chart
The best charts are those that need no explanation. Such as this one.
Source: Goldman Sachs
So How Are JPM’s Prop "Counterparties" Faring?
We already know that JPM has lost billions on its prop trade, and as suggested earlier (and as the FT picked up subsequently), JPM’s prop desk (not to mention its actual standalone hedge fund, $29 billion Highbridge, which nobody has oddly enough discu…
Guest Post: The All-Important Question
Submitted by David Galland of Casey Research
The All-Important Question
For pretty much everyone, no matter where they are located in the economic strata, few if any questions are more germane to making plans for the future than whether the US and ot…
