"Muddle Through", Mortgage-Backeds, And "Markets Are Dangerous" - SALT Day 1 Post Mortem

Tyler Durden's picture

While the headlines are being made by David Tepper's "markets are dangerous" comments, there was plenty more bearish, bullish, and everything in between as the Skybridge Alternatives (SALT) Conference on day 1.


Via Bloomberg:

Appaloosa’s David Tepper:

Tepper nervous about markets with Central Bank complacency;


ECB “better ease” in June

Trian’s Ed Garden:

Expects there will be “huge material change” at Pepsi;


has major problem with Pepsi “bureaucracy”;


Pepsi CEO made “huge” mistake

York’s Jamie Dinan:

Sees Ukraine as big risk;


sees European equities 6-12 mos behind;


calls European credit “gift that keeps on giving”;


event-driven strategy working well

Highbridge’s Scott Kapnick:

Sees opportunities in Europe;


European banks will start to sell assets

Jana’s Barry Rosenstein:

Says no cos. “are safe today” from activists;


Jana working with Walgreen behind the scenes after Alliance Boots deal;


sees “tremendous upside” for WAG;


sees possibility for tax inversion deal

Structured Portfolio’s Don Brownstein:

Plans to start mortgage banking business;


says don’t count on great speed for Fannie, Freddie reorg

Axonic’s Clayton Degiacinto, Seer Capital’s Philip Weingord:

Axonic, Seer Bet on Mortgage Litigation Opportunity;


Both addressed the opportunity to buy mortgage bonds that are the target of litigation

Former Greek Prime Minister George Papandreou:

Says Greece “muddling through”

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Dr. Engali's picture

They may call it salt, but that's not the white powder they are blowing their brains out with.

Bill of Rights's picture

Senators ask for exchange failure refunds | LifeHealthPro

A couple of U.S. Senators want their (our) money back.

HHS awarded a total of $4.7 billion in exchange construction grants, act supporters say, citing Congressional Research Service figures.

Four exchanges facing significant problems have spent $474 million in grant money, supporters say.

“It’s only fair that states have to pay American taxpayers and the federal government back for their total incompetence,” Barrasso said in a statement.

Hey! Great idea. Now how about a refund to the taxpayers that funded this mess to the tune of $1 trillion?

LawsofPhysics's picture

Shit I would be real fucking happy if they simply stopped mis-allocating and mal-investing capital and resources to begin with.


Everyone knows that the majorty of the debt of a fucking fraud.

bigsheep66's picture

so basically no one knows anything

Dr. Engali's picture

That pesky gold sure doesn't want to stay below $1,300. The morgue better sell a few thousand naked contracts while people are out to lunch.

LawsofPhysics's picture

Appropriately named as all these useless paper-pushers are doing noing but throwing salt in the wounds of the productive class.

The capital mis-allocation and mal-investment continues...

QE is fucking theft, but it is not as destructive to capital and savings as ZIRP and NIRP....

hedge accordingly.

rqb1's picture

Tepper may be the fat lady who sang.

q99x2's picture

That reads like a list of some really sick financial perverts,

Arrest them and redistribute their stolen wealth. Replace them with open source software.

ATG's picture

Markets may be dangerous.

Politics can be lethal.

Let's fix DC:


BlueStreet's picture

Throwing a bigger dart at a bigger board is still the same game.