The piously politically correct blue state that bankrolls Putin

California’s CalPERS pension fund is famous for its divestment pullouts, but it’s got one little exception in its big sea of political correctness: Bankrolling the Russian state. #America #Trump2020 #MAGA #DonaldTrump VISIT THE SOURCE ARTICLE The piously politically correct blue state that bankrolls Putin

GOP Voters Want ‘The Wall’; GOP Congress Doesn’t

The Republican-led Congress has produced yet another big spending bill that fails to fund President Trump’s border wall even though a sizable majority of GOP voters supports the project. A new Rasmussen Reports national telephone and online survey finds that 43% of all Likely U.S….

After Years Of Pain, Odey Is Suddenly The Year’s Best Performing Hedge Fund

It had been a tough several years for LPs in Cripsin Odey’s hedge fund, who has for years predicted a market crash which, well, has yet to happen, and suffered dramatic losses as his predictions failed to panned out, with his flagship hedge fund plummeting…

Bill Gross Used Massive Amounts Of Leverage To Double Down On Losing Interest-Rate Bet

The heavy losses suffered by Bill Gross’s Unconstrained Bond Fund have been widely discussed, as market commentators have loudly mused about the veteran manager’s tabloid divorce and the continued success that his former colleagues at PIMCO have enjoyed in his absence. And in the latest…

Gundlach Live Webcast: “Miracle Grow”

Several months after his last live address to investors in his fund, Double Line CEO Jeffrey Gundlach is holding his latest periodic live webcast with investors, titled “Miracle Grow.” Readers can listen to the webcast live by clicking on the slide below or the click…

Audience Boos, Laughs As Cohen Lawyer’s GoFundMe Campaign Tops $100k

Update: Lanny Davis’ Retirement Fund “Michael Cohen Truth Fund” GoFundMe has topped $100k in its first 19 hours. We suspect these audience members were not among those donating… During an interview on Megyn Kelly Today, the lawyer begged viewers to give money to Cohen so…

Crispin Odey: It Feels Like Tesla’s “Final Stage of Life”

Hedge fund manager and noted Tesla bear Crispin Odey, in the wake of Tesla’s nearly 10% crash on Friday, talked in his most recent investor letter about how difficult it was to be short the name. He also made the revelation that he believes that the company is…

Former Fed Economist Urges The World’s Largest Pension Fund To Buy More Junk Bonds

The last time we looked at Japan’s giant pension fund, the Government Pension Investment Fund (or GPIF) which is the largest in the world and manages 158.6 trillion yen ($1.43 trillion), we found a problem: according to the latest quarterly release, Japanese equities accounted for…

Trader Warns “The Entire World Is Explained By 10-Year Yields”

Former fund manager and FX trader Richard Breslow has an uncomfortable message for the investing world today: “It’s time to finally admit that fixed-income markets are the only ones capable of expressing an honest picture of the world. And the picture they paint with 10-year…