Jesse Felder'Given strained relations with the U.S., China needs a hedge against its large holdings of the dollar, and gold serves that function. As China becomes a superpower in its own right, I expect more gold-buying.'
The company passed on the concerns to the Department of Justice as part of a criminal investigation into the engineering of the plane after two fatal crashes.
Jesse Felder"I was willing to stand up for safety and quality, but was unable to actually have an effect in those areas. Boeing management was more concerned with cost and schedule than safety or quality."
Jesse Felder'Advisors for the We Company were said to still be testing investor appetite at a valuation of between $15bn and $20bn, far below the $47bn valuation given to WeWork when SoftBank invested $2bn in the business this year.'
Ray Dalio knows it's very controversial to be bullish on China right now — but that's not stopping him from investing.
Jesse Felder"People say, 'Why are you so bullish on China?' And I know it's very controversial, particularly at this time, to be very bullish on China. I really admire what is being done and I want to be a part of it and I think our investors should be a part of it."
A trade war spills into the realm of currency, with no end in sight.
Jesse Felder'The risk is that President Trump and eventually leaders of other nations will conclude that currencies are now fair game — that they are a good and appropriate weapon to use in trade disputes.'
As part of a broader evolution, the Federal Reserve is focusing on transparency, inclusiveness and a greater responsiveness to ordinary people.
Jesse Felder'If the Fed can get the word out that it’s trying to serve the American people by keeping the economy healthy over time, it might ingratiate itself to its congressional overseers and perhaps forestall any attempts to rein in the Fed’s independence.'
Jesse Felder'Central banks purchased a record $15.7bn of gold in the first six months of the year in an effort to diversify their reserves away from the US dollar as global trade tensions continue to simmer.'
Jesse Felder'What is being suggested here is that the ECB, a publicly owned institution, prints money and uses it to buy equity stakes in private companies. In other words, the only way to save capitalism is to begin to nationalise it.'
There’s now $13 trillion in negative-yielding debt in the global bond market.
Jesse Felder'One of the basic assumptions of debt is that borrowers pay interest to lenders. That idea has been upended in the global bond market. There’s no chapter in your bond math book on this.'
American corporations are spending trillions of dollars to repurchase their own stock. The practice is enriching CEOs—at the expense of everyone else.
Jesse Felder'Another effort is under way to raid corporate assets at the expense of employees, investors, and taxpayers. But this time, the attack is coming from inside the citadel, perpetrated by the very chieftains who are supposed to protect the place.'