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$350 million is a pretty small hedge fund
Reader comment on: Talk of Worst Recession Since the 1930s

Submitted by jfm, Nov 13, 2007 16:41

If this fellow has made 30% a year for 9 years he started with about $30 million dollars. He may be right, but the money certainly hasn't voted for him. Shorting mortgage backed securities would seem particularly risky at this time.


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Other reader comments on this article

Comment By Date

bad 

Mar 11, 2008 17:30

Lack of fiscal discipline and ignorance by the President and Congress has led to huge deficits and the weakening of... [MORE]

Boomer 

Mar 7, 2008 12:17

So there will be 2 recessions under Bush. Overspending, lying about weapons to tie us up in Iraq while Osama... [MORE]

ATG 

Feb 21, 2008 03:07

  

Blueoxe 

Feb 24, 2008 15:07

    

The fact is, the job selling started with Clinton, not with Bush. There are so many messes that Bush has... [MORE]

sockergrl80 

Feb 25, 2008 16:03

      

It takes more than the president to pass and make laws. None in congress seem to do anything about the... [MORE]

JW 

Feb 28, 2008 14:19

        

V Malhotra 

Mar 5, 2008 13:28

          

if people cant see what is going on around them then you are in big trouble look at the price... [MORE]

brenda 

Mar 12, 2008 12:16

          

This country is broke. If not , why are we borrowing money from China to give rebates to (everyone)? What... [MORE]

tank 

Feb 11, 2008 11:05

          

1st--there are bread lines, and there have been for many years--they are just in areas that you wouldn't condescend to... [MORE]

james 

Feb 5, 2008 14:54

          

Time to dust off the 30's depression era movies and see how people survived in that day. I guess I'll... [MORE]

Darkness on the Horizon 

Jan 24, 2008 01:33

            

I keep hearing the word over and over again but where is it.What recession .The 1930s was a recession .What... [MORE]

RodneyC 

Jan 30, 2008 06:41

              

People are moving from 300,000$ houses they can no longer afford and into tents and trailers.
Manufacturing jobs ,or the remnants... [MORE]

David 

Feb 8, 2008 19:47

              

Bamboozler 

Jan 17, 2008 12:08

                

Good point! We run a business in Michigan and people practically beg us for a job. Yet, time and time... [MORE]

Kim 

Jan 30, 2008 05:17

                

I have been watching the stock market fall everyday and Gold Increase almost $300 oz since august of 2007. The... [MORE]

Nailer 

Jan 15, 2008 09:17

                  

Sandra 

Jan 22, 2008 23:27

                  

Is dead on, 100 % correct. This country is in deep troube, because we are no longer a manufacturing giant,... [MORE]

The harsh reality is that the forces allied against us both foreign and domestic are formi 

Dec 12, 2007 20:15

                    

My family was in the machining business for four generations and I noticed after 1980 it was downhill. Everything we... [MORE]

Rocco 

Dec 20, 2007 22:52

                      

I noticed it closer to 1985 or 1986. I was working horrendous hours during that time, trying to do 3... [MORE]

Bruce de la Vega 

Jan 2, 2008 11:30

                        

We didn't have business and academic executives whining about supposed talent or labor shortages. Even before Pearl, we hired farm-hands... [MORE]

Bruce de la Vega 

Jan 2, 2008 11:43

                          

Politicians want to give us rebates. .These rebates(gifts?) are to buy our votes.We would have more money to spend if... [MORE]

Jack L.Kinch (1uncle) 

Jan 25, 2008 19:21

                          

IF we are ever to be free let us free ourselves of the Burdens of Oil. With any luck this... [MORE]

Nicolai 

Dec 10, 2007 22:45

                          

if the rets of your existene is so morbid and negative wow!!!!!!!! and i really am referring to an... [MORE]

howard lamel 

Dec 7, 2007 07:51

                          

running out beens to squeeze and repackage and running out of countries to send jobs to, the MBA (Move the... [MORE]

Alex Morfesis 

Nov 16, 2007 00:47

                          

PRE-shocks vs AFTER-shocks. As the boomers start retiring and selling their 401Ks, the supply will far outweigh the demand. 80... [MORE]

PJM 

Nov 14, 2007 09:48

                          

Jim Turner 

Nov 14, 2007 09:38

                            

I appreciate your optimism. Just be careful, there's a lot of downside potential out there. With the Fed and Treasury... [MORE]

Alan Walters 

Dec 2, 2007 06:49

                            

Thats what is wrong with this country, People care more about their party then they do about their country.

Your oath... [MORE]

John 

Nov 13, 2007 19:44

                            

Yes, we in America, and around the World, are headed for the complete collapse of the economy. Of course, it... [MORE]

Steve Noe 

Nov 13, 2007 16:44

                            

If this fellow has made 30% a year for 9 years he started with about $30 million dollars. He may...

jfm 

Nov 13, 2007 16:41

                            

It is important that every American understand that this next Presidential election will be the most pivotal in our countries... [MORE]

Richard Clark 

Nov 13, 2007 14:27

                              

Some software is in the form of products. Unfortunately, it's a tiny and shrinking portion of the whole; most, indeed,... [MORE]

Bruce de la Vega 

Jan 2, 2008 11:14

                              

wijg 

Nov 13, 2007 10:46

                              

What people fail to realize is that the elites manipulate the economy for their benefit. The Great Depression was created... [MORE]

conspiracy 

Nov 13, 2007 09:26

                                

People. People. People. Calm Down. I have been hearing these depressions coming, we're all gona starve, we'll all be slaves... [MORE]

Ima Bilderburger 

Jan 2, 2008 19:27

                                  

Recovering Republican 

Jan 23, 2008 12:06

                                    

The Illuminate- Trilateral Commission-Bilberg Group-all meet in Bohimian Grove,CA. end of July for two wks. This is your Power and... [MORE]

Genghis 

Jan 26, 2008 23:25

                                    

USA Inc is borrowing $2 billionUSD plus a day, is running a current account deficit and the share price is... [MORE]

Thomas 

Nov 13, 2007 08:22

                                    

Pierre 

Nov 13, 2007 07:14

                                    

Although the housing market will be in recession for sometime. The rest of the economy is doing fairly well. There... [MORE]

William West 

Nov 13, 2007 05:49

                                      

Richard Givis 

Jan 22, 2008 13:30

                                        

Contrary to all the pundits no recession is forecast in 2008. Recession is definited as two consecutive quarters of... [MORE]

William West 

Jan 27, 2008 02:36

                                        

To poster #1:

Depressions are recessions. Recession is the CORRECT term for a finance professional to use. "Depression" is a subjective... [MORE]

Buyman 

Nov 13, 2007 01:19

                                          

Yes, Buyman, "depression" is a subjective term, as is "recession". The recognized "authority", NBER, still waffles quite a bit even... [MORE]

Bruce de la Vega 

Jan 2, 2008 10:58

                                          

Markets rarely correct to fair value. They ususally over correct to deeply undervalued levels. The stock market has been propped... [MORE]

Dave 

Nov 13, 2007 00:29

                                          

Last year and earlier this year I warned of a severe recession , if not a depression, and took appropriate... [MORE]

Allen L Roland 

Nov 12, 2007 22:44

                                          

As long as I can watch the setting sun and still buy a bottle of whiskey, then temporary market downturns... [MORE]

bob dylan 

Nov 12, 2007 22:40

                                          

Lilly 

Nov 12, 2007 21:38

                                          

Big business and the Politicians who are backed by them are to blame.

By outsourcing across the various sectors, we have... [MORE]

Concerned Citizen 

Nov 12, 2007 21:36

                                          

Does it matter what state the economy, value of the dollar, or housing market is in or political party is... [MORE]

James 

Nov 12, 2007 20:20

                                            

Amen, James

The new God is money. Our politicians are owned by the lobbyists who are owned by big buiness and... [MORE]

Tom Massey 

Jan 21, 2008 15:49

                                              

Now that was a scary post! If I believed you (and it is hard not to), I'd sell my house... [MORE]

Kim 

Jan 30, 2008 05:23

                                              

William Watson 

Nov 12, 2007 20:04

                                              

Coming from the other side of the economic scale, news like this hits home. You all wax philosophical with 'it'll... [MORE]

Alicyn 

Nov 12, 2007 19:47

                                              

He's not in business to spread optimism. And sadly though he's right. I see the urban sprawl here in San... [MORE]

g moss 

Nov 12, 2007 19:10

                                              

Which of the following headlines will grab an investor's attention:

a) Stock market is following it's normal cycle and due for... [MORE]

JM 

Nov 12, 2007 19:02

                                              

"I've never seen a market with more risk and what's significant is that risk is not yet priced in"

Sounds scary... [MORE]

jdwren 

Nov 12, 2007 18:46

                                              

pisces 

Nov 12, 2007 18:40

                                              

Rising prices, in and of itself, is INFLATION. A recession can occur with rising or falling prices. The term "depression"... [MORE]

MIke 

Nov 12, 2007 18:40

                                              

"Noting that consumption is already slowing, Mr. Melcher figures sharply rising unemployment is inevitable. Another of his worries is that... [MORE]

ISLV 

Nov 12, 2007 18:39

                                              

Kramer 

Nov 12, 2007 18:29

                                              

Paul 

Nov 12, 2007 18:18

                                              

Reynard 

Nov 12, 2007 18:09

                                              

I just got around to reading Brendon's book ("Dark Valley", published 2000) last month. Although on one level I knew... [MORE]

DMC 

Nov 12, 2007 18:07

                                              

Panic, even those artificially induced by the Wall Street Wizards and media pundits is great for business. One, it allows... [MORE]

Steve 

Nov 12, 2007 18:03

                                              

Jon Smith 

Nov 12, 2007 18:02

                                              

I like Dan's work, but no where does he point out that it was a depression in the 30's (the... [MORE]

David Rohret 

Nov 12, 2007 17:28

                                                

People under 40 have never experienced a decent recession. We need one every now and then to shake things up... [MORE]

Chuckiechan 

Nov 12, 2007 18:24

                                                

why anyone is surprised that the U.S. bubble economy is on the verge of a major correction is beyond me.... [MORE]

The Truth 

Nov 12, 2007 17:26

                                                

If you look at the economy, you can see that there is no where else for the market to go... [MORE]

TV 

Nov 12, 2007 17:22

                                                  

the stock market may drop but not fail. our gov. cannot let this happen. the house and senat passed a... [MORE]

richard clark 

Dec 16, 2007 21:04

                                                  

The middle class in America have been the primary buyers and borrowers of money in the world for at least... [MORE]

Neal A E 

Nov 12, 2007 17:22

                                                  

with...gold rising...inflation rising...oil prices rising...the dollar falling...the stock market falling...2 ongoing wars...Iran getting nuclear weapons...forclosures way up....home sales way down...home... [MORE]

les 

Nov 12, 2007 16:51

                                                    

It doesn't take a genius to see that America is heading for a major recession. We are 9 trillion dollars... [MORE]

Earl Harris 

Nov 12, 2007 17:24

                                                      

In 1972, I was just getting into the real estate business in Florida.....one afternoon, I looked for encougagement from an... [MORE]

charles banks 

Nov 12, 2007 17:25

                                                        

george 

Nov 12, 2007 21:11

                                                        

I believe this story. Weeks ago, I contacted family and friends and told them to tighten their financial belts. How... [MORE]

GG 

Nov 12, 2007 16:48

                                                        

Whenever the economy takes a bump of some sort, there is always the alarmnists who for various reasons, tout the... [MORE]

Vince Hugh 

Nov 12, 2007 16:38

                                                          

I was very glad to see your comments after several 'gloom and doom we're all gonna die' ones. When unemployment... [MORE]

Elise 

Nov 12, 2007 18:07

                                                            

Yeah sure, everyone is working -- at greatly reduced wages in jobs they are overqualified for because all of the... [MORE]

ExPat 

Nov 12, 2007 18:12

                                                              

Professor X 

Nov 12, 2007 18:53

                                                                

WHAT R U HIGH!

YEAH I am WORKING TOO, TOO DAMN MUCH - JUST TO GET BY.

1 FULL TIME, 1 PART... [MORE]

pitbull 

Nov 12, 2007 19:23

                                                                  

Yeah thats fine and dandy Mr. Hugh, but only people making $300,000 or better were the be benefiting from President... [MORE]

Enyiazu Ehiemere 

Nov 12, 2007 23:13

                                                                    

sure, there are alarmists at every bump -- but far more polyanna optimists.

The housing market _is_ in bad shape and... [MORE]

rc 

Nov 12, 2007 23:29

                                                                      

Yea everyones working alright... in low pay jobs without vacation pay, health benefits, etc. That's not exactly a good thing.... [MORE]

WillieG 

Nov 13, 2007 04:09

                                                                        

Hey Vince,

Your master's degree in wishful thinking doesn't paint over the reality of the situation. This guy may be a... [MORE]

jackiebaron 

Nov 13, 2007 04:24

                                                                          

JA 

Nov 13, 2007 12:49

                                                                            

Gerald Celente sees a similar picture to this fellow but he also sees a collapse and a panic followed by... [MORE]

Dylan Skriloff 

Nov 25, 2007 14:45

                                                                              

Pitbull, so you're not making as much money as you would like. Neither am I. But what does that have... [MORE]

Vince Hugh 

Dec 1, 2007 15:01

                                                                              

JG 

Nov 12, 2007 16:29

                                                                              

Mike 

Nov 12, 2007 16:17

                                                                              

WE bleed money for foreign oil, all going to oligarchs that hate us. We bleed money on oil wars so... [MORE]

Shredder 

Nov 12, 2007 16:01

                                                                              

Sounds to me like the socialist are doing their best to scare everyone. Their idea is that then the democrats... [MORE]

Thomas 

Nov 12, 2007 16:01

                                                                              

These people make all their money off knee-jerk selloffs. Of course he is going to tell investors to dump their... [MORE]

Chris 

Nov 12, 2007 15:56

                                                                              

We have practically outsourced every single piece of our knowledge base to India, China, and a dozen other countries. When... [MORE]

John 

Nov 12, 2007 15:52

                                                                              

What is left out of the equation in the analysis of The Great Depression was the effect of capital flight.... [MORE]

George French 

Nov 12, 2007 15:52

                                                                                

IF all of you posters are so sure of your knowing what will be the future, why are you sharing... [MORE]

Pier Johsnon 

Nov 13, 2007 02:45

                                                                                

It is agreed among the freed that the powers that beed have no need to feed on their own carnage.... [MORE]

ALEX S. GABOR 

Nov 12, 2007 15:48

                                                                                

More and more technical, high paying jobs are going over sea's. This is crazy and we need to shutdown a... [MORE]

CW 

Nov 12, 2007 15:48

                                                                                

Mike 

Nov 12, 2007 15:44

                                                                                

Mike Foti 

Nov 12, 2007 15:37

                                                                                  

I think the guy is drinking too much wine at 175.00 a bottle. Is the market over due for a... [MORE]

Randy 

Nov 12, 2007 17:44

                                                                                    

ehiemere 

Nov 12, 2007 23:16

                                                                                      

Hello!! 175% isn't an interest rate, it's the yield on his hedge fund and you can bet your life that... [MORE]

jackiebaron 

Nov 13, 2007 04:30

                                                                                      

Having the foresight to see (at least 4 years ago) that the real estate market would go down in flames... [MORE]

Jack 

Nov 12, 2007 15:36

                                                                                      

The deflation of currency...

I don't understand how this is being interpreted as the end of the US economy. If our... [MORE]

mark 

Nov 12, 2007 15:25

                                                                                      

Not appropriate to publish Mr. Melchor's remarks as a future prognosis. Mr. Melchor, an admitted bear, would naturally wish to... [MORE]

Cyro 

Nov 12, 2007 15:03

                                                                                      

Back in the late 90s when the Asian markets had dropped dramatically over a short period of time and Mexico... [MORE]

Goodbye Natalie 

Nov 12, 2007 14:48

                                                                                      

too much debt, too many billionaires, too much taxation, too many attorneys, too much fat, too many people, too much... [MORE]

phil 

Nov 12, 2007 14:39

                                                                                      

That we are in unique times is a common (and always true) statement that always pops up as if the... [MORE]

joe stafura 

Nov 12, 2007 14:38

                                                                                      

Mike Foti 

Nov 12, 2007 14:37

                                                                                      

WHile the dollar is weak by historical standards for sure, this is after it being unusually strong. It had to... [MORE]

Shaun 

Nov 12, 2007 14:36

                                                                                      

I have seen this coming for about 5 years , and the current real estate dilema is a product ,... [MORE]

Bob Graham Las Vegas 

Nov 12, 2007 14:31

                                                                                      

This "news report/editorial/whatever" seems to be more of an advertisement for Balstera Capital Partners than as a legit news item,... [MORE]

SilasSez 

Nov 12, 2007 14:21