Charles Forelle Profile picture
Financial Editor @WSJ. charles.forelle@wsj.com. An RT is just an RT; a ♥ is probably something I want to eat.
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Jul 23, 2018 4 tweets 1 min read
.@jeaneaglesham has been all over the huge boom in private-market investments. Here’s one, often marketed to retirees, that went terribly wrong. The deal was, buy the rights to someone else’s pension payments. What could go wrong? Well, your payment basically funded a cash advance to the someone else (at exorbitant interest rates). This was ... not risk free.
Jun 22, 2018 7 tweets 3 min read
A masterful, rich, detailed, terrifying look at the new struggles of old age. By @hgillers, @Annetergesen and @lesliescism wsj.com/articles/a-gen… Some of the sobering statistics.
Feb 6, 2018 17 tweets 4 min read
A thread on the mechanics of XIV: XIV is an exchange-traded note. Its issuer, Credit Suisse, borrowed 100 and will repay some amount at maturity, which is Dec. 4, 2030. What is that amount?