Profile cover photo
Profile photo
Brendan Ross
11,117 followers -
Runs a high-yield, short-term, business loans fund
Runs a high-yield, short-term, business loans fund

11,117 followers
About
Brendan's posts

Post has attachment

Post has attachment

Post has attachment
Photo

Post has attachment
Terrific set of graphics from the WSJ depicting the differences across the European Union member states. When you click through, choose the Interactive Graphics tab. It's really a very impressive effort - the best to date.

Hopefully this email-able link from my paid subscription will be readable to all for a week or so.

Post has attachment
Interview with hedge fund billionaire Ray Dalio, who believes that the US deleveraging is going very well in contrast with Europe.

Still feels like early innings. When the federal government is running a sustainable deficit, then we can back away from the panic button.

Post has attachment
Good article on new lending companies that are filling the void left by tight-fisted banks.

The publisher, would-be TechCrunch competitor PandoDaily, has been producing a steady stream of decent content, and has enjoyed a growing following since their launch in January 2012.

Post has attachment
NYU Economics Professor Nouriel Roubini grew famous for correctly calling the 2008 financial crisis, but he is no one trick pony.

Investors signing up for a free account on his site can receive dozens of emails. To avoid burning out, you might try restricting your subscription to The RGE 360 (weekly) plus all three of his Quarterly Macroeconomic Outlook emails.

From David Zervos (via Mauldin) on how deleveraging will create opportunity:

"So we are trying to grow this economy with one hand tied behind our back. [Brendan: meaning traditional banks aren't loaning money]. But that doesn't mean the entire economy will stagnate. It just means that credit will have to be allocated from non-bank sources. High yield corporate bond markets will flourish. Foreign holders of US risk free assets will switch to hard US asset investments. Money managers, private equity firms and hedge funds that do not have financially repressive guidelines will also take risk and prosper. There are headwinds from banks, but there are tailwinds from alternative credit allocation sources. We will still see investment in real risky endeavors – and the positive real returns will generate positive real growth."

I agree. A new crop of companies is sprouting up that can successfully evaluate credit risk and line up borrowers, but that needs outside capital to make loans. This is the part of the economy that deleveraging has impacted most severely, and it is where consistent 9%+ returns will be found for the next half-decade.

Post has attachment
Germany suggests that Greece become a German colony. I read Stratfor weekly - they have a unique, global perspective and pull no punches.

Post has attachment
IMF lowers global growth from 4% to 3.3%, says Europe to be in -0.5% recession in 2012. Italy will fare worst at -2.2%. "Global financial stability has moved deeply into the danger zone..."
Wait while more posts are being loaded