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Goldman's Top Strategist Reveals The Two Biggest Risks To The Market Today
The past few months have been a very nervous time at Goldman Sachs, and not just because Gary Cohn wasn't picked to replace Janet Yellen as next Fed chair. Back in September, Goldman strategist Peter...
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Sam Zell Is Stumped: "For Amazon's Value To Be Justified, It Has To Be Worth...
When it comes to the last financial crisis, few timed the peak quite as well as Sam Zell, who sold his Equity Office Properties Trust, the largest office REIT, to Blackstone in 2007, literally days...
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Stockman Warns "Mind The Junk" - This Ain't Your Grandfather's Capitalism
Authored by David Stockman via Contra Corner blog,The financial system is loaded with anomalies, deformations and mispricings - outcomes which would never occur on an honest free market. For example,...
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CalPERS Calls The Top: Largest Public Pension Fund Mulls Dumping $50 Billion...
Is the largest public pension fund in the United States getting ready to dump about $50 billion worth of stocks? According to a new note from Bloomberg, CalPERS' board is meeting for a workshop today...
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Activists, Including Cerberus, Take 6.9% Stake In Deutsche Bank
The Deutsche Bank story has evolved rapidly this morning: Bloomberg reports that Deutsche Bank had attracted a “new top investor” in the ongoing process of its endless restructuring, then Handelsblatt...
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Why Australia's Economy Is A House Of Cards
Authored by Matt Barrie via Medium.com,Co-authored with Craig Tindale.I recently watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in “surprisingly good shape”. Indeed,...
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Bill Blain: "Stock Markets Don't Matter; The Great Crash Of 2018 Will Start...
Blain's Morning Porridge, Submitted by Bill Blain of Mint PartnersThe Great Crash of 2018? Look to the bond markets to trigger Mayhem!I had the impression the markets had pretty much battened down for...
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The Stage Has Been Set For The Next Financial Crisis
Authored by Constantin Gurdgiev via CaymanFinancialReview.com,Last month, the Japanese government auctioned off some US$4 billion worth of new two-year bonds at a new record low yield of negative 0.149...
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UK Trader Fined 60,000 Pounds For Outsmarting Algos
Yet another UK trader is being punished by overzealous regulators for an accomplishment that should instead have earned him accolades: Outsmarting the machines.In a case that echoes some of the...
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Jamie Dimon Bets Trump Will Last Only One Term As President
In an October 2017 interview, Jamie Dimon famously lambasted Bitcoin as a “fraud” and the people who bought it as “stupid” which, temporarily, halted the ascent in the Bitcoin price. It also led to...
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"This Is A Paralyzed Market": Hedge Fund Turnover Drops To All Time Low
Back in July, Canaccord analyst Brian Reynolds put out a contrarian piece which broke with numerous conventional wisdom norms about the state of the market, key among which was that traders are not...
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Meredith, Koch Brothers Buy Time Inc In $2.8 Billion Deal
Confirming rumors that had swirled over the past 10 days, on Sunday night Meredith Corp., publisher of Better Homes & Gardens, Martha Stewart Living and Family Circle announced it has agreed to...
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Victoria Beckham Gets $40 Million Investment From Former Goldman Banker
Retail may be hurting, but fashion seems to be thriving: just ask Victoria Beckham - the luxury empire, not the woman - who just got a $40 million investment from Neo Investment Partners, a firm run by...
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Watch Live: Senate Banking Committee 'Grills' Trump's Fed Chair Nominee...
Update (11:45 am ET): As Powell's testimony draws to a close, analysts at Stone & McCarthy noted that - as expected - the future Fed chair's comments were "generally dovish".The hearing was largely...
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Best Beige Book Anecdotes: "It's No Longer Possible To Build A Starter Home...
While many, and certainly the FOMC, tends to gloss over the periodic Beige Book report, it does provide a snapshot of the US economy, if not in quantiative terms, then in qualitative anecdotes, some of...
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Dialog Semi Crashes On Report Apple Will Use Its Own Power Chips
UK-based Dialog Semiconductor crashed as much as 17% following a Nikkei report that Apple will design its own power chips for use in iPhones as early as 2018, cutting dependence on Dialog "as it seeks...
View ArticleFrontrunning: December 1
Tillerson, Cohn Could Leave White House in Wave of Senior Departures (WSJ)Senate grapples with tax cut plan's impact on deficit (Reuters)Here’s Where the GOP Tax Plan Stands Right Now (BBG)Markets...
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Who Will Win The Self-Driving Taxi Race?
Authored by Jon Lesage via OilPrice.com,Ride-hailing firms Uber and Lyft have become transportation platforms for automakers and tech giants to someday bring automated, electrified mobility to the mass...
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Summers Warns "1000s Will Die" But Who Are The Real Winners & Losers From...
While many in the 'resistance' have vociferously denounced the Senate tax reform bill in the last 48 hours, former Treasury Secretary Larry Summers took the proverbial biscuit by warning that...
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Overstock.com CEO Exploring Sale To Fund Blockchain-Backed Global Property...
It’s fairly easy to categorize Patrick Byrne, the founder of Overstock.com, as a visionary, although he is usually described in less glowing terms in the mainstream media, a typical adjective being...
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