Following dire market forecasts tends to cost investors bucketloads of money, but the appetite for pessimism porn is vast. JPMorgan figured it out.
Here’s how one ‘black swan’ investor is protecting his $5 billion fund against a market crash that ‘won’t be pretty’
He says he makes far out-of-the-money bets that cost little but deliver huge when it all comes crashing down.
Veteran strategist eyes health care and financials in anticipation of ‘choppy and frustrating’ markets
“Stocks are priced expecting, requiring, demanding good news,” says Bob Doll.
Bloomberg Once Blamed The Financial Crisis On Rules That Prevented Racial Discrimination In Real Estate
Bloomberg said that pressure on banks not to discriminate against low income and minority borrowers contributed to the Great Recession.
The British lender said earlier in his career Staley developed a professional relationship with Epstein, which last year he explained to executives.