Leo Kolivakis's picture

Are Hedge Funds Worth It?

A lot of hedge funds are hurting but most are doing well because they're riding the Beta Express up while charging alpha fees to their investors. Take it from me, hedge funds are no no panacea. And in many cases, they are pure con artists peddling snake oil.

Daily Highlights: 9.28.09

  • Asian stocks decline on concern at US economy, Yen strength.
  • China formally starts investigating some "unfair" imports of chicken products from US.
  • China Investment Corp.. to invest about $1B with Oaktree Capital Management.
  • Companies indicating willingness to spend more on tech: reports.
  • Consumer sentiment, new-home sales showed signs of improvement; while sales of durable goods fell.
  • G-20 unites on bank rules, aligning policy as focus moves away from crisis.
Leo Kolivakis's picture

Not as Bad as You Think?

A few brave economists believe fiscal and monetary stimulus, as well as improved productivity, will help the United States bounce back stronger than anticipated, helping it to leap hurdles such as high unemployment, a soaring budget deficit and a beleaguered consumer.

Guest Post: What The Heck Is Going On With China

Gold, and the companies that produce it, have enjoyed a brisk runup of late, as the metal mounts yet another assault on the beckoning, symbolic $1,000 level. How much of this can be traced to what China has done, is doing, or may yet do? We don’t know, but we suspect it’s not entirely coincidental. All rumor and speculation aside, as China clearly turns more and more bullish on gold, so will everyone else.

Daily Highlights: 9.11.09

  • Chinese Premier says China 'cannot, will not' pull back from economic stimulus policy.
  • Crude rises for fourth day on inventories report, IEA outlook.
  • French President wants to tax carbon dioxide emissions by households, businesses.
  • Govt on track to pay back car dealers for "cash for clunkers" program by Sept. 30.
  • Hotel occupancy to gain strength in late 2009, 2010, profit to remain elusive: report.
  • India might unwind its easy monetary policy sooner than other countries: Central Bank.
  • Istithmar said to halt investment as Dubai weighs sale of sovereign fund.
asiablues's picture

For the third time, gold soared past the $1,000 level, causing the market to eye the precious metal's record of $1,033.90 reached in March 2008. While Citigroup is predicting a $2,000 scenario by next year due to continuing dollar weakness, a number of bullish factors, both near and long term, have converged to boost gold.

Daily Highlights: 8.28.09

  • Asian stocks advance on higher commodity Prices, Dell earnings.
  • Banks on the FDIC's sick list top 400.
  • China’s stocks retreat, Index heads for fourth weekly decline.
  • Consumer Spending in US probably climbed in July on `Cash for Clunkers'.
  • Euro heads for second monthly gain versus the dollar on recovery optimism.

Guest Post: Washington Capitulates - Peak Oil Is Real

Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it. It’s the product of the best prognosticators in the Department of Energy. Okay, that may be what puts most people off. But if you’re patient enough to dig into it, it will cough up some fascinating nuggets of information.

Daily Highlights: 8.25.09

  • Asian stocks fell, Treasuries advanced on lower profit at Chinese cos, evidence of increasing loan losses in the U.S.
  • Cash for clunkers filing time extended until noon ET Tuesday.
  • China’s stocks fell for the first time in four days, led by commodities suppliers and banks.
  • FDIC to ease entry for private-equity firms buying failed banks.
  • Former Chair Volcker says money-market funds weaken U.S. Financial system.

Daily Highlights: 8.14.09

  • Asian stocks gain on speculation improving earnings will extend a 5-month rally in equities.
  • China may boost spending on oil, mining acquisitions by half this year.
  • Crude Oil rises a third day as economic recovery to spur demand for fuels.
  • Hong Kong's yearlong recession may be over as China rebound bolsters trade.
  • India may spark $39B of share sales with cap on controlling stakes.
  • Japanese demand for services unexpectedly rose in June on stimulus measures.
  • US Industrial output probably rebounded in July as auto plants reopened.

Daily Highlights: 8.13.09

  • Asian Stocks rise as Fed says recession easing; MSCI Asia Pac Index posts its biggest gain this month.
  • Chinese stocks rebound after sharp decline, led by banks and metals.
  • China wants more say over iron prices, plans moratorium on new steel projects.
  • Euro rises against dollar in morning European trade on positive economic news.
  • Euro area contracted only 0.1% in Q2 after unexpected growth in Germany, France.
  • Euro zone industrial production fell in euro zone in June, reversing May's gain.