Word: liquidation
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Every August, Nikolai Gusev juices hundreds of unwashed apples which grow at his dacha, west of Moscow. For a month he waits patiently for the juice to ferment and turn into a wine. He then distills the mixture, and stores the remaining liquid in a barrel for several months. The result is a highly potent drink (45% alcoholic), with an apple aftertaste which is the favorite tipple of his friends. "I had too many apples at my dacha and instead of throwing them away I wanted to do something with them, for me making moonshine is just a little...
...into it. “A what?” I said. “It kind of looks like a butt,” he told me.He was pointing to a faint pattern on the surface of the coffee—a double curve where light hit the liquid.“Has that always been there?” I said. How had I missed it? I was a writer. I was supposed to notice things. “Yup,” he said. He moved the cup around. “See? It?...
...rally isn't over. The fear that China will stop buying U.S. debt is unfounded. Beijing can't buy anything else with its excess dollars. There are simply no alternative investments that are large enough or liquid enough. But more importantly, there are fundamental reasons why Treasury prices will move much higher (and yields lower) - and why the current opportunity to go long U.S. Treasuries should be grasped with both hands...
...Here's how Strata worked: The original investment (made by hedge funds or other big investors) was $20 million, plus a fee paid to the underwriter, Bank of America, for structuring the bond. Bank of America then took the $20 million and bought some liquid, safe asset, such as Treasury bonds. Those safe bonds then became Strata's collateral...
...supposed to be a University-wide service that anyone who requires liquid helium would be able to buy,” Yacoby said