UF Weekend Reads
Two weeks of speechifying by the Dems and Reps has come to an end. Well not really–but the conventions are over. And for all the talk, there is one issue that got short-shrift–a solution to the nation’s still unfolding housing crisis.
Oh sure, there was talk about foreclosures and people struggling to pay the mortgages on their homes, but not a lot time for potential solutions. And that’s unfortunate because as has been noted many times before, it’s going to be hard for the U.S. economy to take off as long as too many consumers are being crushed by mortgage debts they can barely afford.
Indeed, the disappointing August jobs report is a sober reminder of just how much work remains to get the economy humming again. As we’ve said many times before on U,F it all still comes down to fixing housing, housing housing.
And after a long time without it, we welcome back Sam Forgione and his weekend reads:
Managing a tail-risk hedge fund is trickier now than it was in 2008, writes Jan Alexander.
One under-the-radar investor made his billions by switching from fertilizer to upscale New York apartments, writes Andrew Rice.
From The Diplomat:
Chinese banks are eerily mum on the nation’s potential to hit a credit crisis, writes Minxin Pei.
From The New York Times:
A few private equity firms could get nabbed for a strategy that some are now calling tax evasion, three New York Times reporters write.