It is the 16th of October 2017

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Is Bridgewater A Fraud? Here Are The Troubling Questions Posed By Jim Grant

Jim Grant, author of Grant's Interest Rate Observer, first hinted last week that not all is well when it comes to the world's biggest hedge fund, Ray Dalio's $160 billion Bridgewater (of which one half is the world's biggest risk-parity juggernaut). Speaking to Bloomberg last week, Grant said he was "bearish" on Bridgewater because founder Dalio has become "less focused on investing, while the firm lacks transparency and has produced lackluster returns."

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After Losing Millions To Nigerian Scammers, A Bankrupt Boris Becker Is Liquidating His Assets

It has already been one of the most remarkable rags to riches and then back to rags - with a bankruptcy on top - stories ever, and it is getting more bizarre by the day.

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Connecticut Capital Hartford Downgraded To Deep Junk, S&P Says "Default Virtual Certainty"

Two months after S&P downgraded the state capital of Connecticut, Hartford, to junk, when it cuts its bond rating from BB+ to BB- citing growing liquidity pressures and weaker market access, the city which has been rumored is preparing to file for bankruptcy protection and which has seen an exodus of corporations and businesses in recent months, just got more bad news when S&P downgraded it by a whopping 4 notches deeper into junk territory, from BB- to CC, stating that "a default, a distressed exchange, or redemption appears to be a virtual certainty."

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'Chapter 22' Bankruptcy Filings Increasingly 'En Vogue' For Struggling Retail Sector

In 2009, U.S. Shipping Partners LP accomplished what we believe was a completely unprecedented feat when they managed to confirm a bankruptcy plan of reorganization in the Southern District of New York that encumbered the new company with more debt than their investment bankers said the company was even worth.

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