Protected: Portfolio Holdings 4-30-15
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Month: April 2015
Protected: Portfolio holdings 4-24-15
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The Student-Loan Problem Is Even Worse Than Official Figures Indicate – Real Time Economics – WSJ
Bill Ackman, last year’s best performing hedge managers is reportedly targeting student loan default as his next short opportunity. I agree. Preliminary names are DFS Discover Financial Services and SLM SLM Corp but we have not initiated any positions as more work is to be done. By JOSH MITCHELL CONNECT More Americans are behind on student-debt payments than official measures suggest. JIM WATSON/AFP/Getty ImagesStudent loans are proving to be a much bigger burden on households than previously thought.Nearly one in three Americans who are now having to pay down their student debt–or a staggering 31.5%–are at least a month behind … Read more
U.S. Drug Spending Increases Most in 13 Years to $373.9 Billion – Bloomberg Business
Often times it seems that the news, particularly economic news is out of step with the price action in the stock market. This headline is not. No wonder healthcare is the best performing sector in the market and likely to continue to outperform with the huge demographic tailwinds behind it. U.S. spending on prescription drugs saw the largest increase since 2001, with the nation’s pharmacy bill rising to $373.9 billion last year as new treatments came to market and manufacturers increased prices on old ones.“Last year’s $43 billion growth in spending on medicines was the highest ever,” said Murray Aitken, … Read more
Protected: Portfolio holdings 4-10-15
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Protected: Portfolio holdings 4-2-15
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