Unmanageable Money: Hedge Funds Keep Losing (And Closing) - Why It Matters

Submitted by John Rubino via DollarCollapse.com,

How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is that you don’t.

Hedge funds, generally the most aggressive species of money manager, do a lot of “black box” trading in which bets are placed on previously-identified patterns and relationships on the assumption that those patterns will repeat in the future.

Nestle Continues To Bottle Water In California While Under Investigation

Nestle Waters North America is under investigation by the US forest service. The world’s largest food company has applied to renew its bottling operations permit in southern California’s San Bernardino National Forest. According to reports, the US forest service has begun an environmental review of Nestle Waters North America’s bottling operations in drought stricken southern California. The company is allowed to operate while awaiting the result of its permit renewal.

Puerto Rico Is Greece, & These 5 States Are Next To Go

As Wilbur Ross so eloquently noted, for Puerto Rico "it's the end of the beginning... and the beginning of the end," as he explained "Puerto Rico is the US version of Greece." However, as JPMorgan explains, for some states the pain is really just beginning as Municipal bond risk will only become more important over time, as assets of some severely underfunded plans are gradually depleted.

Wilbur Ross discusses Puerto Rico's debt struggles and where it goes from here...

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Saudi Arabia Fanning The Flames Of Hate To Provoke Regional Bloodbath

The Saudi execution of a prominent Shiite cleric is an indication that the house of Saud is planning an Armageddon. Across the Middle East, the killing of Shiite cleric Sheikh Nimr al-Nim along with al-Qaeda terrorists is viewed as the ultimate hypocrisy, which proves that the Saudis are going for broke, and want the flames of sectarianism to engulf the region. RT reports: The furious reaction across the Middle East to the Saudi execution of a prominent Shiite cleric strongly suggests that the killing is a deliberate provocation by the ruling House of Saud.

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