If you’re following Valeant’s proposed takeover (or merger) of Allergan and the lawsuit by Allergan against Valeant and notorious hedge fund manager William Ackman, for insider trading this is a must-read article. Linette Lopez describes the roles played by key Wall Street hedge fund managers–Jim Chanos, John Paulson, and Mason Morfit, a major shareholder in Valeant. Linette goes through the conflicts, positions of [Continue Reading]
Would you think a slowing of corporate buybacks would launch the market into correction mode? Goldman Sachs’ David Kostin thinks so. He notes that open-market [Continue Reading]
What do falling energy prices mean for the US consumer? Sober Look writes a brief yet thorough overview of the consequences of the correction in the price of crude oil. There are [Continue Reading]
Courtesy of Mish.
In response to Obama's Lame Response to Ebola; No Protocols but Lots of Fearmongering one person responded that I was "over-cooking the Ebola crisis".
Amusingly, another reader accused [Continue Reading]
Submitted by Tyler Durden.
September was another month in which US single-family housing starts stagnated, and permits declined But there was a strong rebound in both permits and starts for multi-family housing, aka rental housing.
At the [Continue Reading]
Courtesy of Michael Krieger of Liberty Blitzkrieg
In July, I published a post titled, Introducing Ghost Skyscrapers – NYC Real Estate Goes Full Retard, in which I highlighted many of the [Continue Reading]