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David Vs. Goliath: Einhorn Takes On The US Corporate Debt Bubble
David Einhorn has an IDEA!
The billionaire-wonder-boy-turned-pitiable-underdog has managed somethin
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What % has he allocated to this Don Quixote adventure? Fighting all the CB in the universe…lol
Everyone’s trying to time the bubble implosion and it’s definitely out there. But there’s just too much cheap money and cash rolling around out there to be tilting at windmills so to speak.
Not that it’s a sign of the apocalypse or anything, but overpriced high-end RE in the Hamptons just had it’s worst quarter in eight years, sez CNBC. Is that music I hear? Better grab a chair…
https://www.cnbc.com/2019/07/24/real-estate-in-the-hamptons-had-its-worst-spring-quarter-in-8-years.html
Bloomberg looking for the swans as well https://www.bloomberg.com/opinion/articles/2019-07-25/investors-not-banks-could-drive-next-global-debt-crisis?srnd=opinion
Can you imagine the howling if the punchline came true
‘If they didn’t, then they’d risk having to use public funds to bail out investors to prevent a major financial crisis. The dilemma illustrates a fundamental aspect of markets: Risk never disappears, it just moves to the least-regulated corner it can find. “