Captain Capitalism links to a Bloomberg report that 30% of hedge funds are supposedly going to be going out of business due to the downturn. Now pardon me for asking, but wasn't the purpose of hedge funds to be to "hedge" for crises such as this?
Seems like some fund managers needed to brush up on basics like "debt makes your assets more, not less, volatile."
It’s Raining Walz
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The Governor’s “State of the State” was last night. And Berg’s 24th Law was
in full effect: Progressive politicians can, and routinely do, say anything
the...
18 hours ago
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