Competitive eater Joey Chestnut proposes to his girlfriend before winning the Nathan’s Famous Fourth of July International Hot Dog Eating contest at Coney Island (again), this time consuming a disgraceful 61 hot dogs with buns in under ten minutes. ABC News via AP These were the most read posts on TRB this week, in case you…
The Broker Who Saved America
You know Hancock and Washington and Franklin and Jefferson. You might even know Greene and Knox, Henry and Hale. But it is very unlikely that you know the name Haym Solomon. This is unfortunate, because he’s the guy who arranged financing to keep the Continental Army alive during its darkest days, finding the money to…
A dream fulfilled
Growing up, I always had two dreams: 1. Meet, marry and settle down with the girl from Clarissa Explains It All (click here). 2. Become the Most Powerful 37 Year Old in Finance. Well, one out of two ain’t bad… See the whole list, it’s pretty epic – they even have a 16 year…
Productive Economy leads Team Pessimism 17 Trillion to Zero
As I write, the Dow is breaking an all-time record of 17,000 on the back of a positive jobs number that potentially means a sooner end to extraordinary stimulus from the Federal Reserve. We were told by many experts over for many years that good economic news – which probably couldn’t be produced anyway – would be…
Janet Yellen: Game On
When I was a kid, my friend Adam’s mom used to put us down in the basement and told us to do whatever we wanted, as long as it didn’t affect her living room or dining room furniture on the first floor. “You guys can kill each other for all I care, just don’t damage…
Clips from Today’s Halftime Report
The Hamptons as Wall Street Confidence Indicator
I’m not a typical “Hamptons Guy”, per se, but I’ve definitely spent my fair share of time out there, being both a native Long Islander and a career Wall Streeter for as long as I have – it’s been fairly unavoidable. This weekend I’ll be visiting my dad at his house in Quogue and then…
Hot Links: Blowout
Your morning financial links, expertly curated.
Seasons of the Economic Cycle
The below illustration of the economic cycle (remember we used to have those) comes from my friend Jeffrey Kleintop’s epic Mid-Year Outlook piece for his firm LPL Financial. Jeffrey and Co really knocked it out of the park this year, head over for the whole PDF at the link below: LPL Financial Research’s Mid-Year Outlook…
What’s a hedge fund manager to do?
I know a small startup hedge fund that was flat last year versus the S&P 500’s 32% total return. He’s out of business, pack up the truck. Nothing he can explain or illustrate means anything to the handful of seeders who let him hold onto some money for a year. Hedge funds have faced quite a…
