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MONDAY NOVEMBER 10
On Being Tarred, Feathered As red-letter events go, Europe’s biggest bank (HSBC) setting aside $4.3 billion in rainy-day money for bad U.S. loans and the biggest engine to the world’s growth (China) whipping out a $586 billion stimulus package designed to back ``fast and heavy-handed investment'' in housing and infrastructure and a ``relatively loose'' monetary policy are pretty major, we’d say. But we also posit that having five of the most renowned and wealthiest investment managers summoned for an old-fashioned roasting (reportedly unprecedented for the roughly $1.8 trillion hedge-fund industry) on Capitol Hill might also be impressive. Of course, we won’t know for sure, however, until Thursday. November 2008New User?Sign up to get free access to TraderDaily.com
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