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Blog Posts in Evergreen Content

Managed Futures in Mutual Funds

UPDATE:  The link in this post is no longer valid.  Please e-mail us by filling out the "Contact Us" form on this page and I'll e-mail you a copy of the report.  Please put "Managed Futures" in the subject line.

I just found this .pdf on why Managed Futures strategies fail when implemented in mutual funds.  We have long known that futures and mutual funds don't mix.  The reasoning is very complex.  This article by MA Capital Management helps explain why. 

http://macmllc.com/Managed-Futures...Read more

Larry Blankfein "goldman is doing God's work"

It was three years ago this month, that Larry Blankfein made the claim that “goldman was doing God’s work”.  Which is an interesting thing for someone to say who was raised Jewish and presumably has some knowledge of the Torah.  Because the Torah is very clear that indeed goldman is not doing God’s work. 

For starters, the Torah prohibits “loaning money at interest”. 

Deuteronomy 23:19

You must not charge interest on a loan to your fellow Israelite, whether on money, food, or anthing else.

Leviticus 25:37

You must...Read more

Why the Muni Bond Market is Unsalvageable

Disclosure:Our firm is short AGO, MAV, MUB and PCK and is currently looking for additional ways to bet against the Muni-bond market.

With the downgrade in Puerto Rico's debt yesterday, it appears another nail has been driven into the coffin that is the Muni Bond market.  The following is a partial list of the many reasons why the muni market cannot be bailed out like AIG or Greek sovereign debt.

Why...Read more

Why the Glass-Steagall Act of 1933 was so critical to Banking Stability

He who loves money will not be satisfied with money...

- Ecclesiastes 5:10 -

For nearly 70 years, the US economy ran relatively smoothly without a signficant hitch from the banking sector.  Aside from a few S&L's that got sideways in the 80's, the US banking sector was the model of effeciency from the mid-1930's until 1999.  The reason -- A simple act of legislation known as the Glass-Steagall Acts.Read more