Editors Note: Minyanville Buzz and Banter editor Matt Theal is filling in for Terry Woo today. The Yale University endowment fund is starting to buy distressed debt according to Bloomberg. After losing $5.9 billion in 6 months the fund (run by David Swensen) sees “extraordinary opportunities in the credit world.” Swensen is a legend both at Yale and in the investment community. He's increased Yale’s endowment fund from $1 billion in 1985 to $22.9 billion in June 2008. Yale’s fund like nearly everything else has run into trouble of late losing $5.9 billion over the last 6 months. Distressed corporate debt ...
US stocks finished lower on Monday, the first day of the shortened holiday week, as concerns about the outlook for company earnings weighed on investors.[More...]
The graph below shows that rates on US Treasury bills and notes are at record lows across the yield curve. The graph covers the entire period that data is available for from the Federal Reserve of St. Louis. It shows the history for 1-month, 1-year, 5-year and 10-year notes.
Investors are entirely concerned ...
US stocks shot up on Tuesday after US Federal Reserve slashed benchmark interest rate to a record low and vowed to use "all available tools" to counter a deepening recession.[More...]
US stocks finished sharply higher on Monday as President elect Barack Obama on Saturday announced a massive spending plan in order to boost a struggling economy. Monday’s rally was also supported by prospects of lawmakers nearing automakers’ bailout.[More...]
Guest: Steven Leimberg tells us about the gruesome money scheme that has investors looking to profit by buying life insurance on seniors. Where else can you say: "The sooner they die, the more profit the investor makes" - very nice! Companies within Industry: (LPHI) (MET) (MMC) (PRU) (AEG) (MFC) (SLF) (ING) (PFG) (AIG)