Can China Defuse Its Debt Bomb? (Forbes)
One solid systemic risk indicator we use on a regular basis is meticulously tracking credit conditions globally. Right before the big one, there are always clues, you just have to find them. Years ago in a conference room full of customers and fans, Steve Jobs said of Albert Einstein, “Talent hits a target no one else can hit, genius hits a target no one else can see.” You don’t have to be a genius, but having the common sense to push yourself, learn from history, this will go a long way to helping you protect your portfolio from the coming elevator shaft drop.
New York AG seeks curbs on high-frequency traders (HedgeWorld)
New York’s attorney general urged U.S. stock exchanges and other venues on Tuesday [March 18] to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the markets. The stock exchanges allow traders to locate their computer servers within trading venues, armed with extra network bandwidth and high-speed switches that give them access to pricing, volume and order information ahead of others, New York Attorney General Eric Schneiderman said.
Billionaire Ken Langone Who Funded Elliot Spitzer Takedown Operation Claims Liberals Are Like Hitler (FiredogLake)
Billionaire Ken Langone is the latest 1%er to join the ranks of the abysmally stupid that gain entry by making ridiculous statements about Nazi Germany and contemporary American politics. Langone should really know better being an active participant in contemporay politics both in destroying fmr. New York Governor Elliot Spitzer by funding private investigators and operatives like Roger Stone as well as being a central fundraiser for Governor Chris Christie (back when that was still a thing). Nonetheless Ken Langone decided to offer his analysis of American politics in 2014 through the prism of Nazi Germany in 1933.
Bill Ackman’s Herbalife Short Bet Gets 30 Percent Better (Forbes)
At the end of a nearly one hour conference call with investors in late October, Michael Johnson, the chief executive of Herbalife Ltd. (NYSE:HLF), reflected about his year-long battle with billionaire hedge fund manager William Ackman. “So everybody I just want to say, ‘thank you to everybody on the team Herbalife HLF -1.55%family,’” Johnson said. “Despite this public market distraction, somebody gave me a quote this week and said it’s useless to attempt to reason a man out of a thing he was never reasoned into and that seems to sum up this temporary distraction.”
Maggie Grace to star in CBS pilot about Wall Street (RealityTVWorld)
Maggie Grace has signed on to co-star with Charlie Cox in an upcoming CBS pilot produced by John Cusack. The untitled show will center on Cox’s character (Jackson) view of Wall Street. Jackson is a “a smart, sophisticated and honest trader who served his country in Iraq.” Grace, 30, will play Jaime, an in-house legal counsel at a hedge fund. Grace is best known for her role as Shannon in the first two seasons of Lost. She later starred in the action packed films Taken and Taken 2 alongside Liam Neeson. The third installment of the saga is set come out sometime in 2015.
eBay: Icahn Acccuses Company of Lying in Withholding Documents about Skype Transaction (Barrons)
Shares of eBay Inc (NASDAQ:EBAY) are up 35 cents, or 0.6%, at $57.77, as the company’s war of words with activist investor Carl Icahn continues. This afternoon, Icahn tweeted to followers that he had released a new letter criticizing the company’s management, accusing them of withholding critical documents he has requested pertaining to the company’s sale of Skype, which he has said demonstrated conflict of interest on the part of the board of directors when the transaction was done:..
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