Okay, so I totally missed this. Here’s Time Inc. CEO Ann Moore, talking to the New York Post’s Keith Kelly a little over a week ago: Moore pointed to the recent Time cover story, “How Wall Street Sold Out America,” which was written by Fortune magazine’s top editor, Andy Serwer, and noted economic and Fortune [...]
With the GDP numbers out today we now have all the inputs needed to figure out who’s going to win the presidential election. At least, we have all the inputs needed to run the Fair Model, Yale economist Ray Fair’s GDP- and inflation-based formula for predicting whether the incumbent party holds onto the White House [...]
Bloomberg has a story this morning about how some high-profile hedge fund managers—Steven Cohen, David Einhorn, Paul Singer—are opening up their funds to new investors for the first time in years. Seems they’re having luck raising money, even as many of their peers are being forced to dump positions to meet redemptions. As for what [...]
We finally got another quarter of negative GDP–the first since a year ago. The third-quarter number (-0.3%) will be revised as more data come in over the next couple of months, though, and economist Roger Kubarych of Italo-German superbank Unicredit (whose analysis was the first to land in my e-mail inbox) actually thinks it may [...]
