Archive for December, 2022

CHINA’S ECONOMIC SLOWDOWN & POLITICAL CRACKDOWNS HAVE ENORMOUS IMPLICATIONS FOR THE WORLD ECONOMY

December 29, 2022

The original firm that Ed Hyman co-founded – ISI Group, International Strategy and Investment, recognized from the very beginning that China would have an important role to play in the world economy. How right they were. As China allowed the private sector to flourish and opened up to foreign investment, it became the world’s second-largest economy. Under the dictatorial regime of President Xi Jinping, many of those policies have been curtailed to China’s detriment. Hyman’s view of China has changed as well.


Listen to the audio-only version here:

ED HYMAN


ON TV THIS WEEK:
In a recent rare interview with Ed Hyman, Wall Street’s number one ranked economist for a record 42 years, told us why he is worried about the Federal Reserve’s extreme tightening policies and their impact on the economy and the markets. It’s probably one of the most consequential annual outlook interviews he has done with us since WealthTrack’s launch in 2005, which is why we are re-running it over the New Year’s weekend. In addition, Hyman will explain why he is holding a large cash position in his personal portfolio.      Watch it again here.

TRENNERT: RELEVANT INVESTMENT CLASSICS

December 16, 2022

What can investors learn from history? A great deal, says Jason Trennert, who recommends two investment books particularly suited to our time.

Watch the related WEALTHTRACK episode.

LEADING STRATEGIST JASON TRENNERT IS UNCHARACTERISTICALLY BEARISH. HE EXPLAINS WHAT’S CHANGED

December 16, 2022

Part 1 of 2

A major theme for WEALTHTRACK in 2022 and will be in 2023 is what a difference a year makes. 

  • We’ve gone from lower for longer inflation to stunning acceleration,
  • Historically lower for longer interest rates to rapidly increasing ones, 
  • History-making monetary stimulus to rapid withdrawal, and
  • Liquidity-driven speculation in financial assets to risk aversion.  

With the exception of energy stocks, the market has taken a hit pretty much across the board.   

What further impact will these mega changes have on the economy and markets, and what will they mean for investors? 

Continue Reading »

LEGENDARY ECONOMIST ED HYMAN WORRIES ABOUT THE UNINTENDED CONSEQUENCES OF FED’S  RAPID TIGHTENING

December 9, 2022

Starting with WEALTHTRACK’s launch in 2005, we established an annual tradition, sitting down for a rare in-depth interview with Ed Hyman, Wall Street’s number one ranked economist for an unrivaled forty-two years. 

Hyman is Vice Chairman of Evercore, a leading independent investment banking and advisory firm where he is also the Founder and Chairman of its Evercore ISI division and leads its economic research team, which publishes what is considered to be must-read research by institutional investors all over the world. 

Continue Reading »

HYMAN: CLASSIC BUSINESS GIFTS

December 9, 2022

Legendary Wall Street economist Ed Hyman is a voracious reader. He recommends two investment classics as holiday gifts.

Watch the related WEALTHTRACK episode.

Back to Top