Hedge Fund Losses

Summary:
These guys should just subscribe to Mike's report and they'd be doing a lot better financially... Wow Bridgewater probably 25% below S&P 500 returns so far this year: Bridgewater’s flagship Pure Alpha fund lost 4.9% in the 6 months through June, the FT reports https://t.co/iL9MAuDoB4 — Bloomberg (@business) July 21, 2019 Druckenmiller also all pissed off and negative in view of the Trump budget deal so he is probably short/neutral and suffering from TDS: Stanley Druckenmiller on budget deal: Politicians will act this way until the markets 'revolt' https://t.co/IXnPZERvOi — CNBC (@CNBC) July 23, 2019 Meanwhile Trump keeps delivering on the fiscal policy (up > 7% YoY) and has apparently goaded the Fed into lowering the policy IOR rate back down towards 2% going into his election year:

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.