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Expect Desperate, Insane Behavior From Government In 2018 – Part 2
Authored by Mike Krieger via Liberty Blitzkrieg blog,The financial crisis of 2008/09 was the most significant event to happen in my lifetime. That event, coupled with the deeply unethical and corrupt...
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Icahn Subpoenaed Over Biofuel Policy, RINS Tumble
This just might spoil what has so far been a strong year for Carl Icahn. Bloomberg is reporting that the FBI has issued subpoenas for information on Carl Icahn’s possible lobbying to change biofuel...
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"They Can No Longer Squeeze Pershing Square": Ackman Converts Entire...
Pershing Square's Bill Ackman, who has been engaged in a 5-year long feud with Herbalife, betting its stock price would tumble to zero, came one step closer to admitting defeat on Wednesday when he...
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Is This The Best Way To Bet On The Fed Losing Control Of The Bond Market?
Authored by Kevin Muir via The Macro Tourist blog,Lately, one of my biggest duds of a call has been for the yield curve to steepen. Sure, I have all sorts of fancy reasons why it should steepen, but...
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Julian Robertson: "There's A Bubble" And "It's The Federal Reserve's Fault"
Call it the "bearish billionaire" curse. One month ago, MarketWatch penned "7 billionaires who are worried about a stock-market correction" which listed Carl Icahn, David Tepper, Howard Marks, George...
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Now You Can Be As Cool (& Short Credit) As Carl Icahn
Authored by Kevin Muir via The Macro Tourist blog,I know all the cool kids like to quote Nassim Taleb and give dire warnings about the coming collapse of risk assets, but I must have too many years of...
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Herbalife Surges After Announcing $600MM Stock Buyback, Failed LBO Transaction
One week after Herbalife stock tumbled following concerns of yet another Chinese crackdown on multi-level marketing scheme, Carl Icahn has struck again, squeezing his nemesis Bill Ackman who continues...
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Carl Icahn Says He Is No Longer Trump's Special Advisor
Et tu, Carl?Moments ago, billionaire investor and long-time Trump supporter and informal advisor, Carl Icahn, announced on twitter that he has joined the exodus, and has "ceased to act" as Trump's...
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European Junk: "The Good-Looking Ones Are Always Bad News"
Authored by Kevin Muir via The Macro Tourist blog,Yesterday, a few different readers emailed to ask my opinion about the European Junk Bond versus US Treasury yield chart that Tiho Brkan from The Atlas...
View ArticleFrontrunning: August 15
White House Risks a Backfire Over China and North Korea (WSJ)Three More CEOs Turn Their Backs on Trump (BBG)Cities ramp up removal of Confederate statues (Reuters)Moon Vents Korea Frustration by...
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T.Rowe Price Issues A Warning For Investors, Cuts Stock Allocation To Lowest...
One day after DoubleLine chief Jeff Gundlach told Bloomberg TV that it is time for investors to head for the exits as his highest conviction trade is "volatility is about to go up", and that he is...
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Meanwhile, Spotted Together At A Southampton Party...
While publicly polarizing average-joe America at every opportunity, it appears the 'elites' are having a blast 'together' behind the scenes...As Politico reports...OUT AND ABOUT IN THE HAMPTONS --...
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Why Quantitative Tightening Will Fail
Authored by James Rickards via The Daily Reckoning,After nine years of unconventional quantitative easing (QE) policy the Federal Reserve is now setting out on a new path for quantitative tightening...
View ArticleFrontrunning: May 10
Trump fires FBI chief Comey, setting off political storm (Reuters)Comey Firing Upends Russia Probes (WSJ)White House Says Decision Stemmed From Comey’s Handling of Clinton Email Probe (WSJ)Comey Ouster...
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How Uber Hurts Hertz
Update: Sure enough Hertz earnings were a bloodbath and the stocks is crashing after hours to new record lows...*HERTZ GLOBAL HOLDINGS 1Q REV. $1.9B, EST. $1.95B*HERTZ GLOBAL HOLDINGS 1Q ADJ LOSS/SHR...
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With Apple Raking In $3.6 Million In Cash Every Hour, Traders Ask When Will...
Both AAPL and the broader Nasdaq index are trading at new all time high ahead of Apple's earnings on Tuesday, where in addition to the company's operating results and iPhone sales, investors will pay...
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Prominent Short Seller Crushed After AT&T Buys Straight Path For 160% Premium
In an announcement that caught many by surprise, on Monday morning, AT&T said it would acquire Straight Path Communications, a holder of licenses to wireless spectrum, for $1.25 billion in an...
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The End Game
Authored by Kevin Muir via The Macro Tourist blog,We all know the terrifying debt statistics. We are bombarded every day with bearish reports about the gargantuan Federal debt, and when combined with...
View ArticleFrontrunning: March 28
U.S. stock futures up as investors look beyond failed healthcare bill (Reuters)Ryan's Tax Plan May Get Familiar Foes: GOP's Conservative Caucus (BBG)Congress to Battle Over Spending After Failed Health...
View ArticleFrontrunning: March 16
Fed's 'dovish hike' sends shares to record highs, dollar dips (Reuters); Markets Rally After Fed Rate Increase Decision (BBG)Yellen Calms Fears Fed’s Policy Trigger Finger Is Getting Itchy (BBG)Europe...
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