The United States must achieve universal health coverage — not just for reasons of fairness and compassion, but to ensure efficient,...

After Chief Justice Charles Evan Hughes deftly beat back Franklin Delano Roosevelt’s court-packing proposal, FDR said, with grudging...

We have long said that the maximum potential loss of the JPM CIO trade based on the blow out in IG9 10 year, which has about a $200...

Few have nailed the Euro crisis better than George Soros.  He was on Bloomberg over the weekend discussing the crisis and what needs to...

Oaktree Capital‘s Chairman Howard Marks has released his latest memo entitled “It’s All a Big Mistake.”  In it, he categorizes active...

Over the last few weeks markets have recovered from the significant stresses that were building towards the end of May (until yesterday’s...

I work on tactics related to these tactics and technologies, so found it very enjoyable. The real hero of this book, rightly, is Joshua...

Nokia came out with an awful earnings report yesterday, with warnings of more bad news to come, and its stock price, not surprisingly,...

Recently, I was giving a talk to 160 senior executives at a large bank. As part of the talk, I asked them to fill out something we call...

Distressed Debt Investing is back from vacation. Over the past few weeks, I have received a number of hedge fund letters from managers...

Big money managers and Wall Street banks are laying the groundwork for a new marketplace for corporate bonds.

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Every now and again, an article or piece of research crosses my desk that is so wrong-headed, it demands a riposte. Today’s deserving...

Now that the Spanish bond market has realized it has just been primed by senrio debt, the next steps are straight from our Subordination...

On May 22nd, Patriot Coal (PCX) announced that it had engaged The Blackstone Group “to achieve an optimal financing package.” Here is the...

Submitted by Charles Hugh Smith from Of Two Minds Is Capitalism Incompatible with Democracy? Failure and losses are the essential...

When mathematician and blackjack expert Jonathan Adler saw my post about hedge fund manager Michael Geismar’s antics at the Vegas...

By Herr Hansa : There is an increasing interest in natural gas today, yet many places that are producing natural gas do not have enough...

Michael Lewis says that he’s really, really lucky. He graduated from Princeton University with a degree in art history and soon after...

Some questions that members of the Senate Banking Committee should ask Jamie Dimon, the chief executive of JPMorgan Chase, when he...