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Daily Archives: November 6, 2015
Investment business sales puff exacts heavy cost
Hedge funds [and mainstream asset management services] extract huge fees in exchange for the promise of sophisticated investment strategies to capture above market returns that are uncorrelated with broad market declines. In practice nearly all of them fail to deliver … Continue reading
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America rejects Keystone XL reaffirms commitment to renewable energy
President Barack Obama rejected TransCanada Corp.’s bid to build the Keystone XL pipeline, ending seven years of debate over an infrastructure project that swelled into one of the most contentious environmental issues of his presidency. A lengthy review by the … Continue reading
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Greenback pumps and the rest slumps
As expectations for a Fed rate hike jump to 70%+ following this morning’s strong jobs report the US dollar index has surged more than a percent against the basket of global currencies. This is good for US dollar cash holders. … Continue reading
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