Per his article, "TCI, which manages more than $10bn and made its name taking on Deutsche B
Exhibit 1: there is a slide titled "How Might A Restructuring Work", and the first bullet point is "common and preferred equity extinguished".
Research Edge Question 1: Is this a more sophisticated way of suggesting Ackman getting paid on his short positions?
I won't go into other exhibits or questions, but we continue to have our "HedgEyes" on Bill Ackman.
Daily Trading Ranges
20 Proprietary Risk Ranges
Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.
Bernanke admitting we have US stagflation is an important start in getting proactive on raising rates and the value of the US Dollar.
Oil's spike contributed most to the month over month rise, climbing +6% sequentially. The aggregate month over month PPI increase was +1.8% versus May.
Stagflation is finally here for Bernanke to address. The facts will not cease to exist because he ignored them.
the macro show
what smart investors watch to win
Hosted by Hedgeye CEO Keith McCullough at 9:00am ET, this special online broadcast offers smart investors and traders of all stripes the sharpest insights and clearest market analysis available on Wall Street.