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Reasons to be nervous? Let Oaktree’s Marks count the ways
Bearish Howard Marks of Oaktree has issued another warning… As per his style, he has lots of excellent examples, including the enormous $100 billion fund raised by SoftBank on the back of one great investment (Alibaba)… And what he calls the “unfounded fad” of bitcoin… Devin Banerjee of Bloomberg has the details: Howard Marks Sounds […]
There’s hidden risk in Boeing’s cash hoard
Julie Johnsson of Bloomberg has a very thoughtful story today: Boeing’s ‘Monster’ Cash Haul Gives New Boost to Top Stock on Dow… The cThe hidden rompany has been building cash, and using it to buy back shares, which has been very good for the stock price… But there is a hidden cost… Downstream suppliers are […]
Greece is the word in sovereign market
After Argentina, now Greece returns to the world bond market… Liz Alderman of the New York Times has the story: In Sign of Progress for Greece, Investors Eagerly Snap Up New Bonds…
HUD is in hot water
The Office of Inspector General discloses that HUD sold $18 billion of mortgages without following its own rules… Another example of the dark side of federal involvement in the residential mortgage market… Matthew Goldstein of the New York Times has the story: HUD Ignored Procedures in Selling Distressed Mortgages, Report Says…
What’s it going to take to derail EM debt?
Emerging markets debt is close to its all-time tights, even as defaults are continuing… Ben Bartenstein of Bloomberg has the story: Distressed Debt Disappears and That Makes Greylock Nervous…
Why the Fed can’t goose inflation
The Fed continues to be unable to manufacture inflation… The New York Times’ Fed Watcher Binyamin Appelbaum describes the conundrum: U.S. Inflation Remains Low, and That’s a Problem…
‘Gray rhinos’ somehow persist
More news from the New York Times Shanghai bureau on the government crackdown on the “gray rhinos”: Anbang, Fosun, HNA and Dalian Wanda… When will one of them fall?… In China, Herd of ‘Gray Rhinos’ Threatens Economy…
Shorts capitulate
Ben Eisen of the Wall Street Journal reports new statistics, showing how lonely it is to be a bear in the current market… Short Sellers Give Up as Stocks Run to New Records…
Fear not the bots
Jerry Kaplan, a Stanford Business School professor, has an excellent piece about the hype and reality of artificial intelligence… The Wall Street Journal has run the piece: Don’t Fear the Robots…
High-profile SkyBridge deal hits delay
Reuters reports that the sale of SkyBridge Capital to the Chinese conglomerate HNA is still awaiting CFIUS approval… Scaramucci Awaits U.S. Approval for China Deal…
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