Bitcoin bull Mike Novogratz explained two pandemic-induced trends that accelerated the “cryptocurrency revolution” during a Real Vision interview published Friday. The first: the policy response to the global pandemic, specifically from the US government he said. And the second trend: the “digitalization of everything.” “We are going to look back […]
Billionaire investor Leon Cooperman told CNBC on Friday that future stock returns could average “very little.” He’s also concerned about long-term consequences of the Federal Reserve’s actions. “The Fed is just creating this environment of free money. You have to kind of make a judgement whether that’s justified, how long […]
The average US 30-year fixed mortgage rate fell to 2.78% from 2.8%, marking the 12th record low this year. Rates are no is the lowest in Freddie Mac data going back nearly 50 years. Inexpensive loans have fuelled a powerful housing rally during the coronavirus pandemic. “Despite the uncertainty that […]
Goldman Sachs says the market is due for a temporary but large rotation out of growth stocks into cyclical and value stocks. Goldman expects bond yields to rise and economic growth to improve in the next few months, and they said this will trigger a rotation. The firm upgraded bank […]
BlackRock’s Isabelle Mateos y Lago told Bloomberg on Wednesday that low interest rates are pushing investors in search of yield to riskier assets than they would have previously considered. The strategy chief sees investors moving into illiquid and alternative investments, and “t hese are investments that they would have never […]
Federal Reserve Vice Chairman Richard Clarida told Bloomberg on Wednesday that the central bank will not raise interest rates until it sees 2% inflation for at least a few months and full employment is reached. “We’re not going to even begin to think about lifting off,” until then, said Clarida. […]
Billionaire investor Leon Cooperman told Bloomberg that the Fed has created a “speculative bubble.” Cooperman said markets are not focused on the debt in the US that’s growing at a pace far exceeding the general economy. The investor said that he sees the continued “artificial support” for the economy as […]
Billionaire Investor Bob Prince told Bloomberg that near-zero interest rates have created a “very problematic scenario for any traditional investment strategy.” The Bridgewater Associates co-CIO included three implications low rates have on portfolios: a low discount rate on earnings, a weak currency, and little risk diversification. Visit Business Insider’s homepage […]
The era of surging property prices in Britain...
Horrifically low oil prices and interest rates...
Closely-followed hedge fund manager Paul Tudor...