By EconMatters
David Crane Resigns
In case you missed it David Crane resigns Thursday and the stock gets hammered on Friday to the likes of almost 20% at one point in trading, putting in a low print of $8.81. Hopefully the more sophisticated investors out there bought some calls three month`s out as NRG Energy is a definite takeout candidate with this shockingly low stock price given its actual assets.
Time to go to Tijuana for Christmas vacations? The Mexican Peso just collapsed to all-time record lows against the US Dollar...
Charts: Bloomberg
Earlier this morning, we laid out a list of junk bond-focused mutual funds which based on their atrocious YTD performance, have the highest risk of being the next to follow Third Avenue in gating and/or liquidating, noting that Catalyst, or Nuveen or Franklin are most at risk.
Fighting broke out in parliament among members of Ukraine's ruling coalition on Friday after a member of President Petro Poroshenko's bloc physically picked up Prime Minister Arseny Yatseniuk and pulled him from the podium.
Yatseniuk was defending his embattled government's record when lawmaker Oleh Barna walked over to him with a bunch of red roses and then grabbed him around the waist and groin, lifting him off his feet and dragging him from the rostrum.
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,
We have argued for a long time that 2016 will probably be a year of recession in the US and the Federal Reserve’s intent on raising rates will only help expedite it. We believe the current rate cycle will be short lived as the Federal Reserve is constrained by the heavy debt load weighing on the US economy. Or more specifically, the large share of unproductive and counterproductive debt that drain the US economy for resources.