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Hedge Fund CIO: "Want To Make A Grown Nerd Cry? Run A 500% Rate Increase Through His Risk Model"

August is over, which means that Eric Peters, the CIO of One River Asset Management, is back to doing what he is so very good at: distilling the week's events and latest financial and economic trends into pithy, one-paragraph aphorisms.  Without further ado, here is an anecdotal excerpt from his latest weekend notes.

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Scary Movie

I love movies. Scary ones especially. Keep your happy endings, give me chainsaws. Meat hooks.

A Simple Program To Stabilize The Economy (In Four Words)

A Simple Program To Stabilize The Economy (In Four Words)

Authord by Joseph Salerno via The Mises Institute,

Paul Cantor, Clifton Waller Barrett Professor of English at the University of Virginia and Associated Scholar of the Mises Institute, attended Ludwig von Mises’s seminar at NYU as a young man.

He recently surprised and delighted a few of us by revealing that the line that he remembers Mises speaking most frequently in the seminar was “No farzer credit expansion!” 

Come Melania's-Heels-Or-High-Water, 'Stupid News' Rules The Media

Come Melania's-Heels-Or-High-Water, 'Stupid News' Rules The Media

Authored by David Weisberg via TheHill.com,

Tropical Storm Harvey has by now flooded the Houston area with over four feet of rain, causing the deaths of more than 30 people, forcing more than 30,000 residents to flee their homes, and destroying property worth many tens of billions of dollars.

Given the biblical proportions of the deluge, one would think that journalists would be hard-pressed to choose among an over-abundance of gripping and newsworthy stories.

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