David Einhorn Lays Out The Blindingly Simple Reason Why Soaring Inflation Can Not Be Transitory

Monday, 26 July 2021, 19:15:00
David Einhorn Lays Out The Blindingly Simple Reason Why Soaring Inflation Can Not Be Transitory For much of the past year, it looked like it would finally be David Einhorn”s year: his Greenlight, heavy invested in the reflation trade while still shorting the infamous “bubble basket” which notably includes Tesla, was rising by single-digits every month and seeking to put an end to the fund”s dismal performance in recent years. And then everything reversed when some time during the second quarter, value stocks stumbled and growth/tech names surged, hammering the fund”s P&L so much so that in his latest letter to client, David Einhorn writes that his fund dropped 2.9% in Q2 (vs 8.5% for the S&P), as “longs contributed 5.3% in the quarter while shorts detracted 4.6% and macro detracted 3.3%.” What happened, and does Einhorn agree with the prevailing central banker consensus that inflation is transitory? Naturally, for a fund which in the past decade has been pressing its reflationary bets the answer is no, and as Einhorn explains there continues to be too many dollars chasing too few good and services, and shares the following blindingly obvious reason to reject the false chorus of “transitory inflation” cries: “we believe we have reached a structural change in inflation.
— Zero Hedge

Nightlife bounce back: Boom Battle Bar bags prime Oxford Street retail space – CityAM

Wednesday, 7 July 2021, 13:35:44
Londons Great Portland Estates has pre-let a prime Oxford Street retail space to competitive socialisation operator Boom Battle Bar, in a post-pandemic investment for both retail and hospitality.
— City AM

Nightlife bounce back: Boom Battle Bar bags top Oxford Street retail space

Wednesday, 7 July 2021, 13:35:44
Londons Great Portland Estates has pre-let a prime Oxford Street retail space to competitive socialisation operator Boom Battle Bar, in The post Nightlife bounce back: Boom Battle Bar bags prime Oxford Street retail space appeared first on CityAM .
— City AM

GPE pre-lets Oxford Street space to Boom Battle Bar

Wednesday, 7 July 2021, 10:41:00
Great Portland Estates has pre-let 15,200 sq ft at 70 Oxford Street to Boom Battle Bar a competitive socialising operator.
— Property Week

GPE signs Boom Battle Bar at Oxford Street redevelopment

Wednesday, 7 July 2021, 10:41:00
Great Portland Estates has pre-let 15,200 sq ft at 70 Oxford Street to Boom Battle Bar a competitive socialising operator.
— Property Week