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  • Bill Gross Covers Brazil CDS Trade ‘Just In Time’

    Back in October 2015, Bloomberg reported that Bill Gross made a big bet that Brazil’s credit was improving. He sold enough Brazil CDS to make it a top 10 holding of his $1.4bn Janus Global Unconstrained Bond Fund. As Bloomberg pointed out, the contract maturities were December 2015, March 2016, and June 2016. This was […]
  • Why Competing With HFTs To “Trade By Headlines” Just Doesn’t Work

    While trying to make sense of the “market” seems like a lost cause today more than ever, and it certainly led Bloomberg’s Richard Breslow to flip out on Monday, here is Breslow again, stoically trying to uncover the fundamental logic in what has devolved to nothing more than carefully calculated central banker verbal outbursts (and […]
  • Keynesian Central Bankers – Wrong From The Beginning, But No One To Stop Them

    Submitted by Jeffrey Snider via Alhambra Investment Partners, Amidst all the pearls of wisdom unleashed in mainstream economics over the past unbelievable eight years or so, it was one paragraph of common sense that had it been written and appreciated at the start of this period might have saved us all the inordinate and totally […]
  • Summing Up Ted Cruz’ Terrible Night (In 1 Painful Table)

    And he is Canadian unless a CRBA was filed in 1970 by his mother who by that time was also a Canadian Citizen under Candian law at the time as. Ted’s Father has publicly admitted he became a Canadian citizen in 1968. If his mother’s first husband with surname of “Wilson” was also a Canadian […]Read More
  • ‘Fokker’ Decision Raises Concerns About Deferred Prosecution Agreements

    According to a recent ruling by the D.C. Circuit, federal judges have no authority to “second-guess” the practice of federal prosecutors cutting deals with companies indicted for criminal wrongdoing. Such deals are known professionally as “deferred prosecution agreements.” The opinion, written by Judge Sri Srinivasan, shines a light on the somewhat controversial practice of negotiating […]Read More
  • Transgender Teen Case to Be Heard in Court, 4th Cir. Rules

    Gavin Grimm, the transgender teen at the heart of the bathroom controversy in North Carolina, successfully convinced the Fourth Circuit that his case should be heard in court. Human rights groups have reacted approvingly to the decision, but North Carolina appears not to have moved and House Bill 2 in North Carolina appears to be […]
  • Terror Victims Win $2B Supreme Court Case Against Iran

    Victims of Iranian-sponsored terrorism won big in the Supreme Court this morning. Today, in a 6-2 ruling authored by Justice Ginsburg, the Court upheld a law giving terror victims an explicit right to collect a court judgment against Iran. That 2012 law, passed as federal courts were considering the same question, did not overstep the […]