Category: Economy
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“Well Publicized Trouble”
Kimball Brooker Jr. of First Eagle explains how uncertainty around Chinese economic growth has impacted global equity markets and why the Global Value team is maintaining a cautious outlook as the yield curve remains inverted. https://www.firsteagle.com/insights/september-views-first-eagle-global-value-team-0 https://www.dataroma.com/m/holdings.php?m=FE
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This Man Saved the U.S. From Ruin
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Public vs. Private
Ray Dalio’s thoughts on the ongoing transfer of wealth….the link below is worth looking at just for the charts The economy is not reacting to the Fed’s tightening in the usual way, as evidenced by the data in the charts. The shift in wealth from the public sector (central government and central bank) and government…
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“Survive ’til 25?” Barry Sternlicht
Starwood founder and real estate investor Barry Sternlicht discusses various topics, including his thoughts on the current state of the real estate market and the potential impact of artificial intelligence. He criticizes the Federal Reserve for raising interest rates too quickly, resulting in vacant office buildings. Sternlicht predicts a recession but hopes it will be…
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Should the fed declare victory?
Jeff Gundlach notes Import and Export prices, are looking encouraging. However, he also mentions that these prices are currently in negative double digits compared to previous years, indicating disinflationary pressure. Gundlach believes that the massive stimulus and economic distortions from 2020 and 2021 have led to inflation, which is still bubbling through the system. He…
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Bianco Predicts…
The Magnificent Seven stocks (FANG stocks, plus Tesla, Microsoft, and Nvidia) have contributed significantly to the overall market gains. Bianco attributes their success to the hype around artificial intelligence and the rollout of new technologies. However, he also notes that the performance of the other 493 stocks in the S&P 500 has been less impressive,…
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Top 15 Economies
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Russian Wheat Scare
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Soft Landing
Mohamed El-Erian, former CEO and current academic and economic adviser, thinks that a soft landing narrative in the economy, combined with *money on the sidelines*, is driving the current rally. El-Erian acknowledges the bearish sentiment among investors but believes good earnings numbers could bring some back. *reminder…there is no such thing as money on the…