Let’s see…we have semiconductor sales down 24% since October and oil prices (WTI) down 20% since April, the most negative yield spreads between 7- to 10-year bonds and their 1-to 3-year counterparts since the tech bubble, a contraction in global manufacturing and the highest job-cut announcements in the auto and industrial goods sectors since 2010 (Challenger, Gray & Christmas). And this is only Wednesday.
Cory’s Chart Corner
Eventually excessive greed bites people in the ass!
Mars FX Hedge Fund Goes Bankrupt.
$600 Million Missing,
Criminal Investigation, and Hedge Funds Want Even Less Oversight???
“…Tutera, 70, who was swindled in the GPB Capital fraud several years ago, has now sworn off hedge funds and private equity. “I’m really fed up with
