Larry McDonald
Larry McDonald is creator and editor of the Bear Traps Report, a weekly independent investment letter focusing on global political and systemic risk with actionable trade ideas. Larry serves as a political policy risk consultant to hedge funds, family offices, asset managers and high net worth investors. Larry was former Head of US Macro Strategy at Société Générale, and frequent guest contributor on Bloomberg TV, CNBC, Fox Business, and the BBC.
Larry is a NY Times bestselling author, his book “Colossal Failure of Common Sense” is now translated into 12 languages. He ran a $500 million proprietary trading book at Lehman Brothers, made over $75 million betting against the subprime mortgage crisis and was consistently one of the most profitable traders in the firm. His “Bear Traps” letter is one of the most highly regarded on Wall St. He’s participated in 3 major financial crisis documentaries: Sony Pictures, Academy Award winning documentary the “Inside Job,” BBC‘s “The Love of Money” and CBC‘s “House of Cards.” He’s delivered over 125 keynote speeches in 17 different countries, at Banks, Investment Firms, Conferences, Law Firms, Insurance Companies and Universities.
NOVEMBER 30, 2019NY TIMES BESTSELLING AUTHOR LAWRENCE MCDONALD
Breaking: *N.Y. FED’S 42-DAY REPO OP. OVERSUBSCRIBED; $42.55B OF BIDS – Bloomberg, December 2, 2019
$42B?!
Q: Who’s the Fed financing here? Leveraged loans??? Global hedge funds???
A: Fed financing lev loans: Why wouldn’t they? Easier to soak the ground now than be trying to put out the fire later (credit fund).
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