11/11/13 ~ Global Financial Guru

An Unofficial Tracking Blog of World Famous Financial Gurus.

This blog tracks famous financial gurus' market commentary, investment ideas, video interviews and media appearances.

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Monday 11 November 2013

Marc Faber: China could spark bigger crisis than 2008.

20:31 No comments

An alarming credit boom in China could trigger a crisis that would make 2008 look mild in comparison
China, in particular, has seen credit as a percentage of the economy jump 50% in the last four and a half years
China has the “fastest credit growth you can image in the whole of Asia.”
Faber warns that China isn’t the only problem area. Other Asian countries are also seeing big jumps in household debt.

Source: http://www.fxstreet.com/news/fxbeat/article.aspx?storyid=4ca31eb9-7e75-4f56-96f0-193f52776347

Soros and Icahn Close Out the Week On Top

09:18 No comments

Today’s top gainer is Magnum Hunter Resources Corporation (NYSE:MHR). The energy company shot up +11.17% ($7.12) after presenting a better-than-expected Q3 earnings report. Billionaire George Soros acquired 250,000 shares for $3.27 last quarter. This position represents 0.01% of Soros’ portfolio.

The second company in our daily gainers list is The Gap, Inc. (NYSE:GPS). The clothing firm rose +8.68 to $41.03 on the heels of a report of solid Q3 earnings. Edward Lampert holds 10.3 million shares, which represent 14.47% of his fund, purchased at $19.49. Ray Dalio owns 82,000 shares (0.03% of his fund). The shareholder paid $33.56 per asset.

Last but not least is Icahn Enterprises L.P. (NASDAQ:IEP). The financial stock is up +8.69%, now trading at $119.85. Billionaire Carl Icahn holds 99.2 million shares, representing 33.56% of his fund. Each asset cost him $64.57.