Thursday Links

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   How Bill Ackman Turned $27 Million Into $2.6 Billion During the Coronavirus Crisis
   
   Shorting historically tight credit spreads, as it turns out. That's how you 100x $27 million.
   
   

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2. \

[The Pandemic in My Neighborhood](https://www.bloomberg.com/opinion/articles/2020-03-25/michael-lewis-s-notes-from-a-pandemic-berkeley-and-bill-james) - Michael Lewis, Bloomberg

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3. \

[FRED Restaurant Data](https://fred.stlouisfed.org/tags/series?t=restaurant)

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4. \

[The Changing World Order](https://www.linkedin.com/pulse/changing-world-order-ray-dalio-1f) - Ray Dalio

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5. \

[The Fed Goes All In With Unlimited Bond-Buying Plan](https://www.nytimes.com/2020/03/23/business/economy/coronavirus-fed-bond-buying.html) - Jeanna Smialek, NYT

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> Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate,
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Indeed.

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6. \

[The Fed Asks for BlackRock’s Help in an Echo of 2008](https://www.nytimes.com/2020/03/25/business/blackrock-federal-reserve.html) - Matthew Goldstein, NYT

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7. \

[How the Pandemic Will End](https://www.theatlantic.com/health/archive/2020/03/how-will-coronavirus-end/608719/) - Ed Yong, The Atlantic

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8. \

[The Cheesecake Factory Tells Landlords Across the Country It Won’t Be Able to Pay Rent on April 1](https://la.eater.com/2020/3/25/21194144/cheesecake-factory-rent-strike-chain-restaurant) - Matthew Kang, Eater  
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Cheesecake Factory is the largest dine-in restaurant group in the country, and they're not paying their rent this month. How do you think mom and pops are going to manage? It's gonna be a rough month for commercial landlords and CMBS.

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9. \

[Nobody Wants a Margin Call Right Now](https://www.bloomberg.com/opinion/articles/2020-03-26/nobody-wants-a-margin-call-right-now) - Matt Levine, Bloomberg

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