Authored by Soren K. Group for Marketslant
Ray Dalio, Owner of the worlds largest hedge fund, Bridgewater Associates located in CT, made $1 billion last year. This is down from the $5 billion he made the year before.
from Matt Levine's Money Stuff
In its first bond sale since the presidential election and the first big test of investor sentiment after Emmanuel Macron won the presidency, France received more than €31 billion in demand for a 30-year bond offering, once again demonstarting the unprecedented demand for duration on the yield-starved continent where the ECB is happily gobbling up every interest-yielding instrument. With some €7 billion in ultra-long duration paper sold via a syndicate of banks, pricing at 30Y FRTR +12, tighter than the +14 price talk, the issue was more than 4 times oversubscribed.
This time Fitch was right. One month ago the rating agency listed 8 retail names that were most likely to file for bankruptcy next, just over a month later 1 out of the 8 was down, when teen clothing retailer Rue21 filed a prepackaged bankruptcy on Monday night in Pennsylvania bankruptcy court.
In its bankruptcy petition, the company which retained Kirkland & Ellis as legal advisor, Rothschild as financial advisor, and Berkeley Research as its restructuring advisor, listed both assets and liabilities in the range of $1 to $10 billion.
The US Dollar looks to have kissed the underside of key resistance and is starting to fall. Is this a “Kiss Good-Bye” for King Dollar? Below looks at the US Dollar over the past two years.
CLICK ON CHART TO ENLARGE
Via The Daily Bell
You are hiring a babysitter. You can choose between a teenage girl who has no babysitting experience, or a paroled child molester who was a kindergarten teacher for 5 years. Is it discrimination to choose the less qualified candidate?
Yes. And the right to discriminate is a basic necessity of human interaction. It is about ensuring both parties in any interaction have given consent.