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Mnuchin Startles Global Markets With Unusual Calls To Top Banks
Mnuchin made the statement on Twitter after calling the leaders of the six banks, seeking to address his apparent concern over systemic liquidity.
Global Chaos Makes Gold a Holiday Winner for Hedge Funds
Forget frankincense or myrrh: chaos in global markets makes gold the asset hedge funds are getting behind. Money managers get bullish on bullion.
Even Stan Druckenmiller Doesn’t Know Where Markets Go Next
He anticipates lousy returns on stocks for years to come and has been buying U.S. Treasuries on the expectation that yields will keep dropping.
Warren Buffett Bailed Out a Bank, Then the Bank Bailed Out Buffett
In a very special deal, Berkshire bought into the bank at a discount and sold at a premium, a move that only the Oracle of Omaha could make.