Got hedge?

Apparently not:

Hedge Funds Impose Emergency Measures To Block Withdrawal Requests
The hedge fund industry is going to collapse in the wake of mismanagement, excessive use of leverage, blocking withdrawals, excessive fees, and a heightened sense of mistrust everywhere. Hedge funds were supposed to make money in any environment, either up or down, collectively they clearly failed.
[Mish]

World stability hangs by a thread as economies continue to unravel
Whether it is the Indian rupee, the Shanghai bourse, or Kremlin debt, the stars of the credit boom have fallen to earth. Investors are retreating into 3-month US Treasury bills – the ultimate safe-haven. The yield has fallen to 0.02pc, less than zero after costs. You pay Washington to guard your money.
[Telegraph]


Obama = Clinton = Bush

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