A.I. doesn't understand me.
A.I. doesn't understand me.
What's the opposite of "restrictive"?
The FOMC is full of geniuses like Austan.
"There's not always a trade. Sometimes you gotta wait."
The Fed is So Restrictive!
"I'm pretty disappointed with reality right now."
An interesting 2019 article I just came across: Did Jeffrey Epstein Personally Set Off the Financial Crash of 2008?
“Interestingly, Jeffrey Epstein may have personally initiated the dominos falling that eventuated in the collapse of Bear Stearns by asking, on April 18, 2007, for his $57 million back from a hyper-leveraged Bear Stearns hedge fund investing in mortgage-based financial gimcrackery.”
The article references a June 2007 Dealbook article: More Bad News for Jeff Epstein?
“BusinessWeek reports that Mr. Epstein’s Virgin Islands-based money-management firm, Financial Trust Company, is listed in a filing with the Securities and Exchange Commission as a stakeholder in Bear Stearns‘s High-Grade Structured Credit Strategies Enhanced Leverage Fund, which became much easier to refer to in recent weeks as “Bear Stearns’ collapsing hedge fund.”
…Regulatory filings show that Mr. Epstein’s firm had voting power over 10 percent of the equity in the Bear Stearns fund, which, aided by loans from some of Wall Street’s biggest banks, bet heavily on the securities linked to the market for subprime mortgages, or those to homeowners with weak credit histories. As the subprime mortgage market has been rocked by a rise in defaults, many of those bets have gone bad. As of the end of April, the Bear fund was down 23 percent for the year.”
And I’ll throw this article in just for fun: "Jeffrey Epstein Chaired a $6.7 Billion Company that Documents Suggest May Have Received a Secret Federal Reserve Bailout"
Barry Strauss with Grant Williams and Michael Kao:
“First of all, I want to say that I’m bullish on America, and I think that we suffer from a surfeit of angst and worry about where we are. I think it’s partly related to social media and the fact that everybody has a microphone nowadays. Anybody can talk and it’s easy to say, “We’re in a terrible time and everything’s falling apart.” I don’t really think so. I don’t really think that’s true. That being said, there certainly are strains on our society, and there are issues that in some ways we are in the period of the third century [Rome] crisis, but I think, again, we have to take all this with a grain of salt. I think the United States remains a very strong country and a very strong and resilient society. It’s not an accident that people from all over the world want to come to the United States. Not every place in history has had that distinction.”
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