Shares of US Defense Contractors not amused.
Factory-fresh Hyundais stored on vast new gravel lots near Mexican border.
After years of asset stripping by private equity firms and hedge funds.
Spooked by a “housing calamity,” banks, overvalued stocks, and China.
A very risky bond deal with a huge yield.
Worst-case scenario ahead.
A stock or bond market tantrum might stop the Fed in its tracks. But the opposite is happening.
The ingenious strategy of cost-cutting and store-closing your way out of trouble: Pretty soon, it leads to zero.
After surging for years, quant hedge funds – where trading is done by machines, not humans – now dominate stock trading.
Why do they risk so much for little?