The luster is not lost…
Is the bloom off hedge fund manager John Paulson or should I say the shine? If you read recent reports about Paulson and his gold fund in the Wall Street Journal and The New York Times, one would think the sky is falling and his mine has run dry. It seems that Mr. Paulson has had a hard time raising money for his gold fund and people are wondering why. Here is my thought on this so-called news – it is nothing. Mr. Paulson clearly has what it takes to make money by zigging when the markets are zagging and vice versus. His skill and conviction in his strategy and […]
Wall Street to Democrats – Drop Dead!
It seems that Wall Street and the financial services sector has had enough of the Obama Administration and Congress and as such have closed their wallets to the party. The Republicans, never one group that has had a problem saying no to money, has turned its fund raising efforts toward capitalizing on this opportunity. The GOP is out and about trying to court anyone in lower Manhattan and beyond a with a pulse and a purse. This is according to recent reports inThe New York Times and The Wall Street Journal The Journal points out the GOP is working hard to convince bankers and their minions that they are the […]