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200 Years of U.S. Treasury Yields – Short the 30-Year, Ticker: TMV
The Fed increased the Federal Debt Ceiling dozens of times over the past year, and it seems like it is not over for the Bernank. The Fed’s balance has been growing every single day as he pumps the...
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Bill Gross of PIMCO Dumps U.S. Treasuries
As a follow up to our story on shorting treasuries using TMV, the Direxion Daily 30+ year treasury bear, the LA team wanted to discuss Bill Gross’s move to dump government securities. Bill Gross runs...
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Martin J. Whitman on Distressed Investing – A Legend and Founder of Third Avenue
Over the past two years, I have become a staunch follower of Martin J. Whitman, a legend in deep value investing and founder of Third Avenue. I have read his book, Distress Investing twice now, and...
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Bank Stocks Beware: Bernanke & Fed Support Increasing Capital Requirements
U.S. bank indices fell 2% yesterday after fears that capital requirements would increase as much as 7%. Bank of America (NYSE: BAC), fell below $11.00, the lowest since last year. The discussion...
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MF Global Files for Bankruptcy and Plunges in First Day of OTC Trading
November 2, 2011 - MF Global (NYSE: MF) tumbled in its first day of over-the-counter trading after the futures brokerage filed for bankruptcy, prompting the New York Stock Exchange to delist the...
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Italian 10 year Yield Rises Above 7.4%, Country Theoretically Unable to Fund...
November 9, 2011: After Italian Prime Minister Berlusconi offered to resign yesterday, the credit markets almost sighed in relief. But today, markets were punched in the jugular as LCH.Clearnet...
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Bank of Spain Nationalizes Bankia – Property Bubble Bursting
According to ZeroHedge, the Bank of Spain has recently nationalized Bankia, the first of many nationalizations that have to occur in Spain because of poor underwriting by the cajas (regional...
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Understanding Bankruptcy as the World Collapses Around You (1)
We have seen the dire economic consequences of excessive consumer, corporate, financial, and sovereign leverage of the past 5 years. Our global economy has been a punching bag for corporate greed,...
View ArticleGeorge Soros on European Fiscal & Banking Crisis and EU Summit on June 28-29,...
Here I present key take-aways from George Soros’ in depth Bloomberg interview on the current European fiscal and banking crisis, Angela Merkel, the Spanish bailout, and Greece leaving the Eurozone. The...
View ArticleHedge Fund Pershing Square’s 1st Quarter 2012 Letter (Bill Ackman)
Bill Ackman, legendary activist investor recently published its 1st quarter investment letter. The fund has performed strongly to date, with 9.3% returns and has large holdings in Canadian Pacific,...
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