Wall Street Week 05/10/2024
On this special edition of Wall Street Week from the Milken Institute Global Conference in Beverly Hills, Marc Rowan, Apollo Global Management CEO says that trustees at universities and colleges have been asleep at the wheel. Karen Karniol-Tambour, Bridgewater Co-CIO says the genesis of industrial policy is geopolitics. Steven Mnuchin, Former US Treasury Secretary and Liberty Strategic Capital Founder says he is still interested in buying TikTok, with or without its algorithms. Paul Ryan, Former Speaker of the House and Teneo Vice Chairman says the next president might face a debt crisis, and Barry Sternlicht, Starwood Chairman & CEO thinks a lack of schools is hampering Miami's growth.
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Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
This is striking! could you share info of your advisor, please? i'm in dire need of asset allocation and standing at a crossroads, whether to sell-off or keep holding my positions, my portfolio is retrogressing bad as of late
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
In addition to his technical acumen, *Michael Hugh Terpin* also stands out for his integrity and transparency. He maintains open communication channels with his clients, providing regular updates, insights, and recommendations based on market trends. This level of transparency instills a sense of trust and confidence, making the trading experience with him not only profitable but also enjoyable and stress-free.
This is like the worst list of people you could have chosen to interview.
PRIVATE EQUITY/PRIVATE CREDIT definitions would be helpful for people who don't work in these areas or employ their products. Wall Street Week should be accessible for viewers who are not specialists in financing. The segment on private financing with Rowan was interesting, but sometimes simply asking for a definition can actually reveal what someone in the financial field sees as important or focuses on in their own work.
Great show as always!
Ha, I still have a passbook(in Thailand)! What most students are getting from universities is a huge pile of debt.
No reference to homeless and crushing rents when talking real estate at 38 minutes
He is absolutely correct.
"It may well be that the determination of the government...to punish certain malefactors of great wealth, has been responsible for something of the trouble; at least to the extent of having caused these men to combine to bring about as much financial stress as possible, in order to discredit the policy of the government and thereby secure a reversal of that policy, so that they may enjoy unmolested the fruits of their own evil-doing" -President Theodore Roosevelt. 1907
Can Marc Rowan give us more details about what this “dominant narrative” is he keeps referring to? It seems as if his entire speech here is completely worthless to us without defining that better.
I was thinking the same thing
Of course he's talking about 'cancel culture' - not allowing a dissenting point of view to speak.
@@davidbeckwith1408 He alludes to that, but that would not be “the dominant narrative” but an action taken to keep people from debating “the dominant narrative” that has gone undefined. Also, while I can only speak to the Universities I attended, there was no “cancel culture” and healthy debate from all viewpoints was encouraged where I attended. That doesn’t mean “Death to all Jews!” was considered something that was encouraged and considered a valid viewpoint-no, not at all-but in my limited experience, there was no “cancel culture” at the Universities I attended. So I may be wrong, but those crying “cancel culture” usually just seem to me to be those who need an excuse for why 80% of the class disagreed with them and it’s more convenient to their egos to blame it on “cancel culture” than to take a closer look at how they didn’t make the best argument or may have even been factually incorrect accurate. Some Liberals go way too far-trust me and I agree. But some young conservatives are crying “cancel culture” when, no, it’s just people respectfully disagreeing.
@@xxyyzz8464 I might add that in this specific instance of campus unrest, the 'dominant narrative' affects both sides. On the Palestinian side, the 'dominant narrative' is to SUPPRESS any questioning of why Hamas uses its own people as human shields. And on the Israeli side, the 'dominant narrative' is to SUPPRESS any questioning of why Israel settlers with the help of Israeli soldiers invade the West Bank and steal property from Palestinians.
Each week I hear guests talk about debt and seem to have no knowledge of the loanable funds fallacy. Keynes talked about it 80+ years ago. Investment and credit are the "Parent" of income and savings. They come first. The investment is not all based on savings. Money creation is a part of it.
"...their entire unfitness to govern the country, and ... the lasting damage they do by much of what they think are the legitimate big business operations of the day" -President Theodore Roosevelt speaking of the rich. 1907
0 context
Marc talks about the change. But the other issues are what Ai will do to the investment private wealth market.
Wall Street Week 05/10/2024
There are bad times 1929crash levels. Flash crash is a possibility. Everything is a bubble. Inverted bond yield curve is past 600 days almost. Fiscal spending all time high. Debt alk time high. When the fed cuts interest rates its not be cox cause they want to its because economy and markets are crashing. 2001 and 2008 examples.
The debt issue. Your guests have forgotten history. Lincoln created greenback - interest free money. Governments have to do their jobs in wars, financial crises, natural disasters, recessions ... . Friedman recognized this in 1948 ... " government expenditures would be financed entirely by either tax revenues or the creation of money, that is, the issue of non-interest-bearing securities. Government would not issue interest-bearing securities to the public"
Moral clarity? Which world is this gentleman living in. Ashamed that this forum was given over to these guys including the host. Fundamental mis-management? Balance? What balance? Where you criticize policy and told you are an anti-semite? Time to throw these "donors" off the Board. Money now controls literally everything.
Absolute shame... Zero coverage on genocide and slaughter of 40,000 innocent women, children and man over the last 6 months. Time to boycott such (so called) donors, their businesses and their sponsors... Very disappointed....