US default could be ‘catastrophic’: Treasury (via AFP)
A US default on its obligations forced by Congress not raising the country’s borrowing ceiling would have catastrophic effects, the Treasury warned Thursday. With the government likely to exhaust its cash reserves around October 17, the Treasury said…
The Hedge Fund Manager Who Broke Even When Most Other Funds Got Killed
When investors are looking for a hedge fund to invest their money with, they usually look at returns. Of course, the larger the positive return, the better, but what about during major market selloffs? It may be easy to discount a hedge fund's negative return when everyone else lost a lot of money. However, hedge Read More
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