Business

It is Sunday which means Eric Peters, the CIO of One River Asset Management, has published his latest weekly assortment of anecdotes and vignettes selected from the life of a hedge fund manager (always in the 3rd person), which today focuses on the quandary facing the Fed (hiking rates hurts Wall Street, but does it help Main Street?), portfolio positioning (does mean-reversion spell the end of the two best trades of the year, long EM and equities), trapped central banks and the Stockholm Syndrome (the inability by Sweden and ECB to tighten even as they forecast economic growth) and China's

Authored by Peter Schiff via Euro Pacific Capital,

After Facebook CEO Mark Zuckerberg earlier this week confirmed allegations that the company had sold at least $100,000 of ads to a Russia-backed troll farm – igniting a firestorm of liberal sanctimony as pundits like Rachel Maddow proclaimed that they had finally found the “smoking gun” proving that Russians had swayed the election in President Trump’s favor – researchers at the University of Iowa have pulled back the curtain on the seedy underbelly of Facebook's illicit influence-peddling economy.

Over the years, the clients of Goldman Sachs have periodically found themselves on the verge of panic.

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

A number of people have argued over the past few days that Hurricane Harvey will NOT boost the US housing market. As if any such argument would or should be required. Hurricane Irma will not provide any such boost either. News about the ‘resurrection’ of New Orleans post-Katrina has pretty much dried up, but we know scores of people there never returned, in most cases because they couldn’t afford to.