Tag Archives: Hedge Funds

New Normal

Friday’s employment numbers have caused many analysts to set their hair on fire. Initially the Dow fell more than 100 points before saner money returned in the afternoon. This reinforces a theme I have been pursuing on these pages for … Continue reading

Posted in Economics, Futurism | Tagged , , , , | 32 Comments

Aspen Effect

When my flight from Los Angeles touched down in Aspen, Colorado I counted 80 private jets parked at the airport. I had come for the annual Aspen Ideas Festival and what follows is a critique written with some affection for … Continue reading

Posted in Business, Economics, Politics | Tagged , , , , , , , , , | 61 Comments

Private Equity Myth

As many of you know, David Brooks is one of the few conservative columnists that I regard highly. But occasionally he writes something that is so boneheaded, it makes you wonder. Such a column was his defense of Mitt Romney … Continue reading

Posted in Business, Economics, Wall Street | Tagged , , | 26 Comments

Bring it On

Cory Booker revealed the real stakes for the November Election. Faced with having to raise most of the money for his next campaign (maybe Governor?), Cory chose to suck up to Wall Street on Meet The Press and trash Obama. … Continue reading

Posted in Barack Obama, Mitt Romney, Politics | Tagged , , , | 31 Comments

Let them eat cake

Our some time correspondent, Tennessee William Shakespeare sent me a link and I wrote a friend who used to work for Bloomberg News to ask if this story, written by one Max Abelson for Bloomberg Business Week was tongue in … Continue reading

Posted in Advertising, Business, Economics, Politics, Wall Street | Tagged , , , , , | 15 Comments

Inequality Smackdown

I always love it when David Brooks and Paul Krugman tussle on the pages of the New York Times. On Monday, Brooks wrote a column called The Wrong Inequality, arguing that the Occupy Movement was wrong to target the 1% … Continue reading

Posted in Barack Obama, Economics, Innovation, Politics, Wall Street | Tagged , , , , , , | 31 Comments

Year of Living Dangerously

One year from today we will enter the final two weeks of the Presidential Race. The punditry are making certain predictions they see as “inevitable. But there is a big chance that the radical spirit in the air on both Left … Continue reading

Posted in Barack Obama, Business, Economics, reform, Teabaggers, Wall Street | Tagged , , , , , | 23 Comments

Savage Capital II

This morning it is deja vu all over again. In March of 2008, after having warned my readers for three months that a crash was coming, I wrote a piece about what I called Savage Capitalism. The short selling sharks … Continue reading

Posted in Barack Obama, Economics, New Federalism, Wall Street | Tagged , , , , | 61 Comments

Farewell, F**k Off and Pass the Bong

Andrew Lahde had a very good year in the last 18 months running a small hedge fund that bet that the sub-prime mortgage business would go down in flames. His fund had a one year return of 866%! Last week he … Continue reading

Posted in Advertising, Business, California, Economics, Education, Recession, Wall Street | Tagged , , , | Leave a comment

Farewell, F**k Off and Pass the Bong

Andrew Lahde had a very good year in the last 18 months running a small hedge fund that bet that the sub-prime mortgage business would go down in flames. His fund had a one year return of 866%! Last week he … Continue reading

Posted in Advertising, Business, California, Economics, Education, Recession, Wall Street | Tagged , , , | Leave a comment