Archive - Jul 17, 2009

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A "Criminally Insane" Cliff Asness Takes On Health Care Mythology And Pretty Much Everything Else

Submitted by Tyler Durden on 07/17/2009 09:14 -0500



AQR's Cliff Asness, a hedge fund manager (and ex-Goldmanite) who recently achieved public acclaim by lashing out quite vocally against some of the administration's tyrannical practices, yet stands to lose some of that new found populist credibility by being one of the first "scholars" supporting the petition to limit oversight and visibility of the "independent" Goldman-enhanced Federal Reserve, has just hit the road with another piece of a Hunter S. Thompson-esque Op-Ed.

 
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Jon Stewart Takes On Goldman Sachs

Submitted by Tyler Durden on 07/17/2009 08:13 -0500



Jon Stewart, Paul Krugman... seems like the Mainstream Media is really catching on.

 
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Daily Highlights: 7.17.09

Submitted by Tyler Durden on 07/17/2009 07:44 -0500



  • California fails to progress on budget, risking downgrade of debt to junk
  • California's median home price rises 7% in June from May.
  • China fails to complete bill sale for third time in two weeks
  • Crude oil falls as stronger dollar limits commodity investments
  • Homebuilder Confidence in US hits 10-month high as sales, interest rise.
  • Explosions ripped through Marriott, Ritz-Carlton Hotels in Jakarta; killing eight.
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    Frontrunning: July 17

    Submitted by Tyler Durden on 07/17/2009 07:40 -0500



  • Horrendous GE numbers, expect a whole lot of nonsense from CNBC today - here is also why GE Capital is praying for a CIT bankruptcy (Bloomberg and Reuters also Zero Hedge)
  • Chinese bond troubles: the most data-manipulative country unable to sell bills for third time in two weeks (Bloomberg)
  • California budget talks collapse, junk downgrade approaching (Bloomberg)
  • Dismantling the Temple: How to fix the Fed (The Nation)
  • And no green shoots here either: Bank of America credit losses soar (Reuters)
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