Bad data II
By Matthew Goldstein Bad data continues to confound the U.S. government in its measurement of the economy, with the Federal Reserve Bank of New York noting it too has been a victim. In the Fed’s most...
View ArticleSteven Cohen in his own words
By Matthew Goldstein and Jennifer Ablan The thing about deposition excerpts—even lengthy ones—is that some of the tantalizing material gets left on the cutting room floor. And that’s certainly the case...
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Paul after PIMCO
By Jennifer Ablan and Matthew Goldstein Paul McCulley says working at bond giant PIMCO was like being in Camelot. But in some ways, Bill Gross’s former top Federal Reserve watcher seems a lot...
View ArticleDiversity on Wall Street, or a lack thereof
By Matthew Goldstein The shooting death of Trayvon Martin, an unarmed black teen in Florida, has evoked a lot of debate about race in America and the nation’s attitudes to what it means to be a...
View ArticleUF Weekend Reads
A beautiful spring day in the NYC metro area. Let’s Go Mets! Here’s this weekend’s stories courtesy of Sam Forgione. From The New York Times: Jennifer Medina reports that California’s economy is...
View ArticleOne more try at the Great Refi
By Matthew Goldstein Don’t be surprised if President Obama includes a line or two in his State of Union address this evening about the need for a plan to allow millions of struggling homeowners whose...
View ArticleJim Chanos and the bears come out of hibernation
By Matthew Goldstein The year is young, but so far its been a rough one for bearish stock investors with the S&P 500 is up 7.25% The surge in equity prices has left a lot of short sellers–traders...
View ArticleRay Dalio went into this year even more bullish than we thought
By Matthew Goldstein Hedge fund titan Ray Dalio is really bullish on stocks and all things risky–at least he was in early January. A few weeks ago, our competitors at Bloomberg and The Wall Street...
View ArticleRay Dalio’s all seeing reputation takes a hit
There are storm clouds on the horizon at Ray Dalio’s $150 billion Bridgewater Associates. Yeah, excuse the weather imagery but it’s hard to resist given the sudden sharp reversal of fortunes with...
View ArticleHome sweet home, Blackstone
Kay Chapman and her boyfriend were saving up money to buy a home in the Las Vegas metro area while renting a home in a nearby town. But after months of plotting a strategy to buy a home at a...
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Greenlight’s David Einhorn slams Fed, again
David Einhorn is pointing at you Fed Greenlight Capital’s David Einhorn, one of the most closely followed managers in the $2.2 trillion hedge fund industry, is out with his latest investment letter and...
View ArticleMoney manager titans who can’t wait until 2014
The year can’t end fast enough for some of the world’s biggest investors. Bill Gross, who many like to consider the King of Bonds, lost one of his prized titles last week when his PIMCO Total Return...
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Carl Icahn in his own words
Icahn’s Big Year in investing and activism By Jennifer Ablan and Matthew Goldstein We held an hour-long discussion with Carl Icahn on Monday as part of our Reuters Global Investment Outlook Summit,...
View ArticleThe nine lives of the eminent domain for mortgages debate
By Matthew Goldstein and Jennifer Ablan Law professor Bob Hockett, widely credited with popularizing the idea of using eminent domain to restructure underwater mortgages, says he continues to be...
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Jim Chanos, bad news bear, urges market prudence
Prominent short-seller Jim Chanos is probably one of the last true “bad news bears” you will find on Wall Street these days, save for Jim Grant and Nouriel Roubini. Almost everywhere you turn, money...
View Article‘Bond King’ Gross speaks to 700 at Pimco client event in Big Apple
By Jennifer Ablan By Jennifer Ablan Bill Gross did something last week he rarely does — venture from his Newport Beach, Calif. home to meet with investors twice. First in Chicago at the Morningstar...
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Jeffrey Gundlach, on his year as new ‘King of Bonds’
By Jennifer Ablan When Bill Gross shocked the investment world on Sept. 26 by storming out of Pimco, the most prominent bond investor in the world didn’t stop leaving people stunned. It was later...
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