Tepper Trounces Competition, Outperforms Peers By 600% YTD

It’s been a good year for David Tepper. Not only did the 60-year-old Appaloosa hedge fund billionaire win an auction for the Carolina Panthers with his $2.3 billion all-cash bid – a record purchase price for a NFL franchise  – but according to Bloomberg, Tepper…

David Vs Goliath? Einhorn’s Battle Against Fed-Insured-Market Is Costing Investors Dearly

Everybody already knows that David Einhorn is having a flat out terrible year, with Greenlight now reported to be down 15% YTD and down 25% since the end of 2014. Now the media is starting to amplify the hedge fund manager’s struggles with Institutional Investor asking “What…

Why The Empire Never Sleeps: The Indispensable Nation Folly

Authored by David Stockman via Contra Corner blog, Like the case of Rome before it, the Empire is bankrupting America. The true fiscal cost is upwards of $1.o trillion per year (counting $200 billion for veterans and debt service for wars), but there is no way to pay for…

David Tepper Expected To Buy Carolina Panthers For Unprecedented $2.2 Billion

After months of speculation, David Tepper is finally closing in on a prize he has coveted for most of his career: Being the majority owner of an NFL franchise. According to the Washington Post, as long as at least two-thirds of league owners cast their…

On Mother’s Day, Let’s Not Forget US Moms Locked Away

Expand Women in the David L. Moss Correctional Center attend a parenting class, Tulsa, Oklahoma, 2017. © Family & Children’s Services As Mother’s Day approaches, we should not forget an entire group of moms who are often ignored: the 214,000 women incarcerated in the United States,…

Goldman: “Our Clients Fear The Current Economic Expansion Will Soon End”

One week ago, we reported that according to Goldman’s chief equity strategist David Kostin, the biggest worry consuming the bank’s clients was the increasingly adverse impact of rising oil prices on the broader economy, and with good reason: “higher energy input costs weigh on the…

Einhorn Steamrolled: Greenlight Loses Another 1.1% In April, YTD Plunge Now 15%

Every month this year we have said it couldn’t possibly get any worse for David Einhorn’s Greenlight, and the very next month we are proven wrong. Recall, last month we reported that Einhorn’s main hedge fund fell another 1.9% in March, extending its loss this…

“My Son Made A Lot Of Money Trading Bitcoin”: David Tepper Shares His Views On Cryptocurrencies And Gold

Picking up where we left off yesterday, when Appaloosa co-founder David Tepper warned a youthful audience at Carnegie Mellon’s Tepper School of Business that “we may have reached the highs for the year“, in the final part of his Q&A, the hedge fund billionaire (and…

David Stockman: Jumping The Great White Shark Of Bubble Finance

Authored by David Stockman via Contra Corner blog, Wall Street has now truly jumped the shark – the one jockeyed by Jeff Bezos. Last night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded…

Trader: The Flattening Yield Curve Story Is Just Starting

By David Finnerty, a global macro commentator for Bloomberg Flattening U.S. Yield Curve Story Ain’t Over Yet: Macro View The rise of U.S. 10-yields above 3% may be the talk of the town this week, but that doesn’t mean yield-curve flattening is finished. U.S. economic…