June 24, 2017

Greenlight Capital’s David Einhorn Plays Europe’s Game

David Einhorn, an avid poker player, plays Europe's game in changing his sovereign debt strategy

David Einhorn, the manager of the hedge fund Greenlight Capital, and an avid poker player, has wagered a safer bet on sovereign debt. European governments have rewritten the rules so that even if countries like Greece or Italy default on their debt, they won’t really default. That means that credit default swaps, which make money […]

Greece is the Word in Michael Lewis’s New Book on Europe

Greece is the word in Michael Lewis's new book on Europe

¬†Greece is the word in¬†Michael Lewis’s new book on Europe and its debt crisis. Michiko Kakutani of the The New York Times gives an excellent summary of Lewis’s new book, “Boomerang: Travels in the New Third World”. Kakutani says Lewis “makes topics like European sovereign debt, the International Monetary Fund and the European Central Bank […]