Richard Koo of Nomura is out with his latest piece and it focuses on one of the hottest topics, Japan. Richard Koo is worried about some of Japan’s policies and goes so far as to state about the countries Central Banker ‘Mr. Kuroda’s psychological tactic of repeating a lie often enough that it becomes the truth has succeeded brilliantly.’ Richard Koo also says that Japanese BOJ actions could causes losses equal to 7.5% of...
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I have not been a fan of this rally, and I have been selling into it. I do have a rule for equity clients — cash never goes above 20%. I have been close to that recently, and after rebalancing some companies that have hit the top of the weighting band, I have bought those companies with the lowest weights in the portfolio. I have also added some stable companies in the recent past —...
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Find out why investors are ‘drowning’ in central banking and how Apple is the new Microsoft according to Jeff Gundlach, CEO of DoubleLine Capital and the new so-called ‘bond king.’ Jeff Gundlach sat down with Reuters TV to discuss Fed policy and some tech giants, among other topics. Jeff Gundlach video below 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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PIMCO’s Bill Gross brought a smile face mug on Bloomberg TV‘s “Market Makers” today to illustrate to Erik Schatzker and Sara Eisen how happy he is. Bill Gross said the end of the 30 year US bond rally is unlikely to be like 1994 and he sees 12-months of treasury, corporate and high yields that don’t move much. Bill Gross also said: “We see bubbles everywhere, and that is not to be dramatic and...
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My view is that there is no such thing as a free lunch, not even for governments or central banks. Any action taken may have benefits, but also imposes costs, even if those costs are imposed upon others. So it is for the Fed. At the beginning of 2008, they had a small, clean, low duration (less than three years) balance sheet on assets. Today the asset side of their balance sheet is much...
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GREED and fear is out with their latest report today title ‘Greed and Fear (In love with lukewarm)’. Every week we bring you the popular newsletter from CLSA analyst Chris Wood. Readers can check out last week’s report-GREED & fear: China, Hong Kong Data Discrepancy Highly Suspicious. Woods starts out noting that the recent BLS employment report was ‘perfect’. Not too warm and not too cold, this allows the Fed to continue easing at...
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Stanley Druckenmiller was a managing director at George Soros’ Soros Fund Management, where he managed $22 billion for the Quantum Fund. He founded Duquesne Asset Management and ran investments until he closed the firm in 2010. Currently, Druckenmiller manages his family fortune. At the Ira Sohn conference, he reiterated his disagreement with the U.S. Federal Reserve loose monetary policy and its resulting subsidy of asset prices and risk premiums. However, Druckenmiller does not see...
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David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on “Market Makers” today that the Federal Reserve’s QE program is “the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there” to figure out how to properly exit. David Zervos said, “I am not criticizing them, I just do not think that...
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Warren Buffett was on CNBC for three hours this morning. Below we are embedding all the videos and computer transcripts where available. If you are reading this before 10AM or so check back since we will be adding more content as the videos become available. Warren Buffett Interview Warren Buffett, Berkshire Hathaway, chairman & CEO, explains why he supports Jamie Dimon as CEO and chairman at JPMorgan. Also, Buffett delves into the deal to acquire Heinz.; expresses...
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Tom Russo spoke at the Value Investor Conference this weekend. Earlier, we brought you coverage of the event, which featured many famous value investors. Tom Russo was kind enough to answer some questions we had for him about macro outlook, the beverage industries and some of his favorite positions. Below is our Q&A with Mr. Russo. Questions asked to Tom Russo on Behalf of ValueWalk by Ryan DeVitt What do you wish you had...
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Ken Griffin of hedge fund Citadel Capital, is not happy with Ben Bernanke. Ken Griffin spoke at the Milken Conference and said QE was destroying jobs and stated: “As we’ve all learned over the years, if you reduce the cost of capital you increase your use of fixed assets and you take out jobs. Corporate America, seeing an ever increasing cost for its employee base and extraordinarily low interest rates, is taking every step it can...
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