JPMorgan CEO Jamie Dimon hinted that he’d consider getting into politics once he leaves banking. Bill Ackman, Warren Buffett, Bill Clinton, and Ross Perot Jr. have praised Dimon’s political potential. Here’s what they’ve said about the billionaire banker. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Bill Ackman wants Jamie Dimon to run for president. Here’s what Warren Buffett, Bill Clinton, and others have said about the JPMorgan chief’s political potential.
Dollar dominance could give way to a new regime that includes the euro, yuan, CBDCs, and maybe something ‘we have yet to see’
The currency regime may see multiple players in the future, TD economist Vikram Rai wrote. The euro and yuan are the dollar’s biggest contenders, though it would take years to replace it. The process could speed up with the introduction of central bank digital currencies. Loading Something is loading. Thanks for signing up! Access your… Continue reading Dollar dominance could give way to a new regime that includes the euro, yuan, CBDCs, and maybe something ‘we have yet to see’
From artificial intelligence to ‘absolute insanity,’ these are the 3 ingredients needed to fuel the next stock market bubble
The artificial intelligence boom could turn into “absolute insanity” if a stock market bubble forms, according to TS Lombard.The investment firm outlined the three key ingredients needed to create a stock market bubble.”The AI frenzy… in the past few weeks has the hallmarks of a potential bubble. But we are not in one right now,”… Continue reading From artificial intelligence to ‘absolute insanity,’ these are the 3 ingredients needed to fuel the next stock market bubble
Billionaire investor Cliff Asness talks stocks, recession, Warren Buffett, and commercial real estate in a new interview. Here’s the 8 best quotes.
Cliff Asness warned stocks may be overpriced and bond markets are signaling a major recession. The AQR boss fears a financial crisis, and says Warren Buffett and quant traders have similarities. Asness is worried about commercial real estate and is bullish on cheap stocks. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Billionaire investor Cliff Asness talks stocks, recession, Warren Buffett, and commercial real estate in a new interview. Here’s the 8 best quotes.
The housing market has never been this unaffordable for new buyers
New home buyers are facing the least affordable market ever, data from the Mortgage Bankers Association shows. The group’s Purchase Applications Payment Index hit a record high, indicating declining affordability. “For new home buyers, this is the worst situation since the end of the Great Recession.” Loading Something is loading. Thanks for signing up! Access your… Continue reading The housing market has never been this unaffordable for new buyers
Jim Chanos, Bank of America, and others still aren’t jumping on the AI hype train
Artificial intelligence has sparked a major stock-market rally in 2023. But some big-name investors – including famed short seller Jim Chanos – aren’t buying into the hype. Others, like Warren Buffett, have voiced concerns about the dangers of AI. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Jim Chanos, Bank of America, and others still aren’t jumping on the AI hype train
Commercial real estate’s cataclysmic crash is underway and there’s now a ‘huge class of zombie buildings,’ says top executive
The commercial real estate crash has already started, Corion’s Fred Cordova told Fortune. The office sector is already cratering due to high interest rates and people working from home. “It’s just a matter of how hard it’s going to hit. It is apocalyptical,” Cordova said. Loading Something is loading. Thanks for signing up! Access your… Continue reading Commercial real estate’s cataclysmic crash is underway and there’s now a ‘huge class of zombie buildings,’ says top executive
China hopes to boost economy with fresh support for the property market amid signs of renewed weakness
Chinese regulators may offer fresh support to the ailing property market, Bloomberg reported. Proposed policies include reductions in down payments and real-estate commissions. That’s as a slowdown in home sales adds to troubles faced by struggling developers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading China hopes to boost economy with fresh support for the property market amid signs of renewed weakness
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