Big Short’s Eisman Is Shorting U.K. Banks On Brexit

By Mark O’Byrne – Re-Blogged From Silver Phoenix

Eisman says U.K. is one of the biggest risks globally

– He is betting against two UK banks in the lead up to Brexit – Eisman may short 50 other UK firms if “Trotskyite” Corbyn becomes UK PM – Eisman is famous for betting against the US housing market ahead of the 2008 subprime-mortgage crisis

by Business Insider UK

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World’s Smartest Investors Can’t Figure Out The Markets

By John Rubino – Re-Blogged From Dollar Collapse

Hedge fund managers sit at the top of the financial world’s food chain. They’re generally seen as the smartest money managers, and their companies have the most flexibility to pursue new opportunities. The result is supposed to be the best possible returns – for clients who can afford the high fees.

But lately things haven’t worked out that way. Hedge fund managers appear baffled by the behavior of stocks, bonds and pretty much everything else, as time-tested strategies fail and brand-name managers report terrible results, in a growing number of cases throwing in the towel, returning their investors’ money and riding off into the sunset.

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“Tech Wreck,” “Techlash,” “Techmageddon” – Whatever You Call It, Wall Street Is Terrified Of It

By John Rubino – Re-Blogged From Dollar Collapse

Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate earnings. The resulting inverted financial pyramid was, the critics claimed, very easy to tip over.

They were right of course. But apparently not right enough to keep us from repeating the same mistake. From today’s Wall Street Journal:

Warning Sign: Tech Stocks Are Dominating Global Markets Like Never Before

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