Wednesday, June 03, 2009

Links: hedge funds, deficits, & monetization

Been spending a lot of time on Twitter (see our page) and catching up with some important reading lately. Here are some links that have piqued my interest in recent days:

1. Bernanke warns deficits threathen financial stability - Bloomberg.

2. Geithner says there is "no risk" of Fed monetizing US debt (despite that already occurring); Bernanke should quit propping up the debt market if he's concerned about deficits - Clusterstock.

3. Profile of hedge fund legend Julian Robertson, plus a look at Robertson's steepener swap play (short US Treasuries) - Market Folly.

Note: we also mentioned Robertson's "curve steepener" trade earlier this year in, "Seasoned investors search for values".

4. Hedge fund industry climbs its 'slope of enlightenment' -

5. What you can learn from "old man socks" - Financial Philosopher.

6. Rock n' rollers: Ardent Music is reissuing Big Star's studio albums & releasing a new Big Star box set. You can also listen to songs from Chris Bell's "I Am the Cosmos" at the Ardent site; heard it there for the first time yesterday and I am blown away.

Enjoy the links & join us tomorrow as we take a historical look (w/ help from a noted tour guide) at the state of the global economy.