Central Banker's Real Legacy: Pension Funds Panic 'Reach' For Yield
Authored by Eugen von Bohm-Bawerk via Bawerk.net,
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Business
Uber Imploding: Chief Business Officer Resigns As Kalanick Plans "Leave Of Absence"
The uber implosion at Uber continues.
Is Another Spanish Bank About To Bite The Dust?
Authored by Don Quijones via WolfStreet.com,
Stockholders and junior bondholders fear another “bail-in.”
Hedge Fund CIO: "$100BN Of Tech Stocks Got Sold And The S&P Was Unchanged. Not Sure How That Happens"
The start of another week is upon us, which means it is time for choice excerpts from the latest letter to clients by One River Asset Management CIO Eric Peters, who today writes about Brexit, the "new generals" in the market (more in a later post), rising populism in a world of tech "monopolies", modern day robber barons, and much more.
We will have more from today's letter shortly, but for now here is Peters on a topic on everyone's minds, volatility, and what Friday's Nasdaq "air pocket" means:
Beep Beep
New Gold Pool at the BIS Switzerland: A Who's Who of Central Bankers
This is an extract and summary from "New Gold Pool at the BIS Basle, Switzerland: Part 1" which was first published on the BullionStar.com website in mid-May.
Part 2 of the series titled "New Gold Pool at the BIS Basle: Part 2 – Pool vs Gold for Oil" is also posted now on the BullionStar.com website.