It is all about the M&M’s…
Don’t be fooled by the recent “good news” about jobs that is coming out Washington. The information is skewed, confused and just plain rude; the reality is that the economy is not growing, people are not getting jobs and many people are still struggling. And while the headlines last week were all about the jobs report, the big news about the economy was put below the fold. The news that I am talking about is the spike in the number of personal bankruptcies in March. Automated Access to Court Electronic Redo, or Aacer, a data company, issued a report last week that the number of bankruptcy filings in March was […]
Not Down Or Out
Hedge funds have been in the news more than ever in the last few weeks and I think the coverage has been fascinating. When news of the crisis in Greece broke, the articles about career-making trades by hedge fund managers shorting the Euro were page 1, column A. Just a few weeks later, the articles about how good a year 2009 was for hedge funds, both in terms of performance and new assets, was just below the fold on page 1. This week a study found that hedge funds are going to attract more than $220 billion in new assets in 2010. Stop the presses: “Hedge funds, the cause of […]