Monthly Archives: February 2010

If You Think Greece is Bad, Check Out Spain

Download 2010-2-25 The Euro's Final Battleground: Spain – WSJ.com Spain can't devalue its currency to make its exports more attractive and its sunny beach resorts cheaper because the euro's value is driven by Germany's bigger, competitive industrial economy. Madrid can't … Continue reading

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This Front Page NYT Article is Getting Lots of Buzz

NYT: THE NEW POOR Millions of Unemployed Face Years Without Jobs During periods of American economic expansion in the 1950s, ’60s and ’70s, the number of private-sector jobs increased about 3.5 percent a year, according to an analysis of Labor … Continue reading

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How to Implement the Currency Carry Trade

Download 2010-2-20 Running With Scissors: Dangers of Currency Trading – WSJ.com The carry trade is built on the belief that, over time, high-interest rate currencies appreciate against low-rate currencies. These days, one of the most popular trades involves selling, or … Continue reading

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Soros, Bogle, Reid – Wall Street’s Elders Favor More Regulation

NYT: Elders of Wall St. Favor More Regulation While the younger generation, very visibly led by Lloyd C. Blankfein, chief executive of Goldman Sachs, lobbies Congress against such regulation, their spiritual elders support the reform proposed by Paul A. Volcker and, surprisingly, even more … Continue reading

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Analysis of Hedge Fund Strategies from Neuberger Berman

Download 2010-2 NB Alternatives 2010 Strategy Outlook CCC note:  Many of you are pursing long/short strategies.  This document may help.

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Heat Turns Up On Goldman – Greece Issue

Baseline Scenario Blog: Senior Goldman Adviser Criticizes Greece – Without Disclosing His Goldman Affiliation The scope, reach, and influence of Goldman Sachs today are unprecedented.  Thinking in terms of the broader global economy – and our own struggling recovery – … Continue reading

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Upturn Data from McKinsey

The upturn—sooner rather than later? Companies deciding whether to move forward now with acquisitions or major capital projects should weigh the historical data on the timing of stock market recoveries. One common analysis calculates how many years must pass before … Continue reading

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What Warren Buffett Thinks of Hedge Funds – Money Where His Mouth Is!

Long Bets Do you think that a portfolio of funds of hedge funds would outperform the S&P 500 over a ten-year period? Willing to put any money on that? Protégé Partners, LLC is. They have wagered $1,000,000 at Long Bets; taking the other … Continue reading

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Graham, Buffett, Mutual Funds – The Costs of Trading

Download 2010-2-13 The Intelligent Investor: Too Much Trading – WSJ.com Pause before you plunge. Trading costs money, raises your tax bill and can reinforce bad habits. As Benjamin Graham defined it, investing requires "thorough analysis" and "promises safety of principal … Continue reading

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How Buffett Avoids Earnings Dilution in a Merger

HEARD ON THE STREET FEBRUARY 13, 2010 OVERHEARD Messages from an oracle can be hard to decipher. One of Warren Buffett 's latest, it appears, had a deeper meaning. Mr. Buffett's Berkshire Hathaway decided on a 50-for-1 split of its Class B shares in … Continue reading

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