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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
Daily Archives: September 17, 2020
WHO: ‘wake up call’ in alarming rise in COVID-19 cases
As recorded cases near 30 million globally, the latest report from the World Health Organization is a sober reminder that the COVID-19 train wreck is still in motion. There are growing concerns in Europe at what is being seen as … Continue reading
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Oil demand disappoints bulls
Oil offers further proof that, at the zero-rate bound, monetary policy is pushing on a string, unable to increase consumption. In reports released last week, both the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) … Continue reading
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Dollar and treasuries call Federal Reserve bluff
Yesterday the US Fed offered its next iteration of low policy rates for longer, and longer, and longer with a promise that it would not hike for (at least) another three years in its effort to manufacture price inflation above … Continue reading
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