As Americans celebrated their freedom this Fourth of July, headlines graphically proved how diminished that liberty is. Hannah Cohen, 18 years old and severely disabled from a brain tumor, sued the TSA and local cops for beating her bloody.

Today I have for you a recorded conversation with Harris Kupperman (Kuppy), a friend of mine who manages Praetorian Capital, a Florida-based hedge fund. Kuppy is one of a clutch of guys who I call on to stress test my views and vice versa.

What is NA^0 in R? But the interesting question that arises is: why is it 1? Most people might expect that the answer would be NA, like most expressions that include NA.

The equity risk premium, the excess return that investing in the stock market provides over a risk-free rate such as US Treasury bonds, is an important part of financial theory.

Hedge Funds Return Positive Performance In H1 2016 by Preqin All leading strategies posted positive performance through the first half of 2016, with macro and credit strategies recording the highest returns The Preqin All-Strategies Hedge Fund benchmark reveals that hedge fund performance has stabil

June’s stronger-than-expected jobs report, combined with developments in Japan and the UK have turned the market into risk on mode. This week we saw the S&P 500 hit record highs. In intra-day trading on Thursday, stocks once again hit record highs.

The headline in a recent NYC press release caught my eye: “MAYOR AND CITY COUNCIL LAUNCH SEARCHABLE OPEN BUDGET FOR NEW YORK CITY”. I was pretty excited.

By Joseph Y. Calhoun I am raising the budget for risk assets this month. For the moderate risk portfolio, I am raising the risk allocation to 45%, reducing the bond allocation to 50% and adding a 5% cash position.

Looking Deeper, Seeing More: A Multilayer Map Of The Financial System by Richard Bookstaber and Dror Y. Kenett – OFR with a “shout out to hedge funds” This brief introduces a multilayer map to show how risks can emerge and spread across the U.S. financial system.

The market seems to say inflation is a good thing. It is if it has real growth along with it. Real growth (ex-inflation) however has been slowing while inflation continues to pick up. Today’s PPI could predict tomorrows CPI which, if it does, would be a problem.