Does being public give Blackstone Group (BX) an advantage over its rivals? (via breakingviews/

Andrew Ross Sorkin at on how the credit crisis might affect activist investors going forward.

Andrew Batson at on just how one might go about shorting China.

We have always thought muni bonds get underplayed in the press. Shefali Anand and Jane J. Kim at look at the state of the muni bond market.

Mark Hulbert at on research showing a convergence in returns among (seemingly) disparate hedge fund strategies.

Alistair Barr at on how the hedge fund crisis affected the muni market.

Accrued Interest looks behind the strategy of Annaly Capital Management (NLY).

Barry Ritholtz at the Big Picture ask “Are we in recovery mode?”

David Merkel at the Aleph Blog has sixteen real estate/mortgage related thoughts.

Is Wall Street getting ahead of itself expecting a September rate cut? (via

Robert J. Shiller at writes “Booms cannot go on forever. Downward price feedback sets in. That is when balance sheets become impaired and widening credit problems start to show up.”

Yves Smith at naked capitalism writes “..the Fed’s actions hadn’t solved the CP problem.”

James Hamilton at Econbrowser thinks it will be “..difficult to expect today’s good news on home sales and capital goods orders to be repeated next month.”

Paul Kedrosky at Infectious Greed on just how getting a Ph.D. is a roundabout way of “ discover what you want in life…”

Free exchange on the surprising value of a (literal) “free lunch.”

Thanks for checking in with Abnormal Returns where any (and all) feedback is appreciated (and read).

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.