Silver as an investment

Category Archives: Greenlight

Trump Set To Accuse China Of “Economic Aggression” On Monday

Just a few short days after Chinese regulators gave the greenlight to petro-yuan futures trading, signaling an escalation in the war against dollar hegemony, President Trump is reportedly set to accuse China of "economic aggression" in efforts to "undermine international order" during his national security strategy speech on Monday. The last week has more intriguing […]

Venezuelans Face 25 Years In Prison For “Hate Or Intolerance”

In a harbinger of what – for various reasons – may be coming to the US, Venezuela’s brand new “all-powerful” constituent assembly is set to pass a bill that will jail anyone who expresses “hate or intolerance” for up to 25 years, a measure which the local opposition – and everyone else – is certain […]

15% Of Greenlight Capital Investors Submit Redemption Requests

While, inexplicably, Bill Ackman’s Pershing Square remains immune (according to Ackman at least) to redemptions despite posting a terrible return in the past two years, another hedge fund from the “glory days” is having less success in keeping LPs: the WSJ reports that Einhorn was “forced to pay back more than $400 million in clients […]

Warren Buffett May Soon Be The Largest Shareholder In A 2nd US Megabank

Remember when Warren Buffett anecdotally "took a bath" when he decided to effectively rescue Bank of America with a $5 bilion equity injection in 2011? He may be due for another bath any minute. Warren Buffett, already the largest shareholder in recently disgraced Wells Fargo, could soon become the largest shareholder in another US megabank […]

Is Public Equity A Broken Concept?

Submitted by Nick Colas of Convergex Is Public Equity A Broken Concept David Einhorn’s proposal to GM that it split its stock into dividend and capital appreciation shares got us thinking about the bedrock principles of public equity ownership.  Other catalysts for this examination: recent IPO SNAP’s lack of shareholder voting rights, the reluctance of […]

“There Must Not Be A Bail In”: Germany Vows “No Debt Relief For Greece”

The standoff over the Greek debt crisis was nowhere closer to an amicable resolution on Sunday, when Germany’s deputy finance minister Jens Spahn said in an interview with German broadcaster Deutschlandfunk that Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, reiterating the German government’s opposition […]

David Einhorn Gets A Divorce, Shorts Sovereigns, Is Bullish On Gold

First it was Ken Griffin, then Bill Ackman, now it’s David Einhorn’s turn. Perhaps eager for a complete “change of scenery” after years of moribund returns, some of America’s most prominent hedge fund managers are taking the metaphorical knife to their personal lives, and wives. According to the Post, David Einhorn is separating from his […]

Italian Constitutional Court To Hold January 24 Hearing On Electoral Law

With concerns that Italy may proceed with early elections as soon as January or February of 2017 slamming the Euro in early trading, which taking place so soon to the Renzi referendum would likely assure anti-establishment forces a victory (whether or not they can form a coalition cabinet is a different topic), moments ago Reuters […]

What Keeps Elliott’s Paul Singer Up At Night: “A Spike In Inflation Could Leat To A Market Crash”

One month ago, Bridgewater’s Ray Dalio warned the New York Fed that even a modest, 1% rise in rates, and thus inflation, would lead to trillions in losses and “trigger the worst price decline in bonds since the 1981 bond market crash.” Now, it is the turn of Elliott Management’s Paul Singer. In a letter […]