Frontrunning: 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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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...
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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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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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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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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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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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"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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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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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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