Paul Tudor Jones' Just Capital report on 120 US companies shows only 6% channeling tax savings to workers, majority 57% going to shareholders (via buybacks, retained earnings, dividends) exacerbating already extreme economic #inequality
Tudor Jones h8ing on tax reform
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Well, that's the Golden Rule...."He who has the gold makes the rules."
1. Benefit the executives and insiders.
2. Next, benefit shareholders.
3. Finally, if there is any $$ left over, benefit the workers.
1. Benefit the executives and insiders.
2. Next, benefit shareholders.
3. Finally, if there is any $$ left over, benefit the workers.
PTJ: an oldy gut goody from 2009. Great call PTJ!
http://www.businessinsider.com/paul-tudor-jones-this-is-a-ski-jump-recession-2009-9
Paul Tudor Jones: This Is A Ski-Jump Recession
Joe Weisenthal
Sep. 1, 2009, 5:50 AM
The funds managed by famed trader Paul Tudor Jones aren't betting on an economic recovery. While many investors seem to be taking a rebound as a given -- despite thin evidence -- they're not buying it:
Bloomberg: Jones's Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are taking a bearish stand as U.S. stock and bond prices rise, saying that record government spending may be forestalling another slowdown and market selloff. The firms oversee a combined $15 billion in so- called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.
"If we have a recovery at all, it isn't sustainable," Kevin Harrington, managing director at Clarium, said in an interview at the firm's New York offices. "This is more likely a ski-jump recession, with short-term stimulus creating a bump that will ultimately lead to a more precipitous decline later." Read the whole thing >
We like the imagery there. We also like the "sugar-high rally" and the "steroids rally," but yeah, ski-jump recession paints a good picture.
#pants_suit_2020
http://www.businessinsider.com/paul-tudor-jones-this-is-a-ski-jump-recession-2009-9
Paul Tudor Jones: This Is A Ski-Jump Recession
Joe Weisenthal
Sep. 1, 2009, 5:50 AM
The funds managed by famed trader Paul Tudor Jones aren't betting on an economic recovery. While many investors seem to be taking a rebound as a given -- despite thin evidence -- they're not buying it:
Bloomberg: Jones's Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are taking a bearish stand as U.S. stock and bond prices rise, saying that record government spending may be forestalling another slowdown and market selloff. The firms oversee a combined $15 billion in so- called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.
"If we have a recovery at all, it isn't sustainable," Kevin Harrington, managing director at Clarium, said in an interview at the firm's New York offices. "This is more likely a ski-jump recession, with short-term stimulus creating a bump that will ultimately lead to a more precipitous decline later." Read the whole thing >
We like the imagery there. We also like the "sugar-high rally" and the "steroids rally," but yeah, ski-jump recession paints a good picture.
#pants_suit_2020
He hasn't won much of anything Atty over the last decade. LOL. Still love his documentary.
I have a hunch on that but obviously can't prove it. I think the minute Paul became more "institutional", bringing in external managers from the sell-side and what not is when he lost his touch. He should return to his roots, uncle Eli and what he learned trading the chart. A lot of these high paid high fallutin' hotshots know how to weave their bs and dazzle with a story, but very few if any actually know how to trade.
I think he's made a huge mistake recently farming out to quants. He's going to regret that one big time... Hopefully when push comes to shove he'll just short stocks in size (or go long bonds) at the right time and make up for lost alpha
PTJ is right on this! Capitalism is not sustainable the way it's being run. Trump is just a correction against the trend towards socialism in the US and worldwide