Monday, March 22, 2021

Brig Burton and Carly Burton, again

I have good news, or at least not bad news, I guess.

I sold my business to Brig Burton in 2010.  He ended up defrauding me in that transaction.  I had to sue him.

I previously mentioned the Burtons here.

The key part:

I had to sue him in civil court in order to get fully paid for the business.  The judgments I was granted against him included fraud and conversion.  He appealed the rulings, and the appeals court upheld them, including the punitive damages that were assessed.  The appeals court confirmed that "based on the record in this case, the jury could have found by clear and convincing evidence that Burton’s conduct was aggravated and outrageous, evincing an evil mind. Therefore, we decline to set aside the punitive damages awards."


Anyway, I thought I was through with them, but the Burtons sued me after I posted that post.  We were able to make them to post a bond, so that when the judge dismissed the case (which she eventually did), the Burtons would have collectible funds to use to pay my legal expenses.  Which the judge also ruled they had to do.

Brig seems busy lately. For example:

Here:  https://www.bizbuysell.com/business-broker/b-a-burton/green-tree-alliance/31184/

and

Here:  Brig Burton – Business Growth Leader Worldwide (nationaldiversified.com)


Tuesday, January 5, 2021

December 2020 Yield Curve

 The yield curve looks pretty good.  Long term rates still are recovering.  The expected date of the first short term rate hike also appears to be coming closer.  This all seems like good news to me.  All in all, pretty good monetary management for the COVID-19 recession, I think.

It seems to me that a short position in early 2023 Eurodollar contracts has a nice risk/reward balance.  Not much room for downside (declining interest rates), but quite a bit of room to run higher (higher interest rates).