Scott Minerd discusses the importance of transitioning sustainable development into an institutional asset class.
Risk assets—particularly high-yield bonds and bank loans—are well positioned to enjoy a prosperous road ahead.
Central banks’ aversion to any downturn should support the current rebound in risk assets through the end of the year.
Investors seem to universally agree that China will continue to weigh on the global economy until it devalues its currency, yet few think such an adjustment is likely anytime soon.
The U.S. Federal Reserve’s rate rise history reveals a familiar dilemma—previous delays led to inflated asset prices and recessions.
The source of the current market correction is the massive misalignment of exchange rates, which finds its roots in quantitative easing.
Weak manufacturing data out of China indicate that its policymakers will have to act drastically to reverse its decline.
When policymakers tell you one thing and the data tell you something different, heed the data.
Reports of ongoing global market volatility are taking a toll on consumer confidence. However, compelling opportunities await patient investors.
If Chinese policymakers don’t alter course soon, the current Chinese equity market correction could turn into a stock market plunge similar to what happened in the United States in 1929.
Policymakers have created a Wicksellian dilemma where investment spurred by low interest rates is driving economic growth, but these inefficient investments support growth at the expense of lower productivity in the economy.
In addition to serving as Global Chief Investment Officer of Guggenheim Partners and Chairman of Guggenheim Investments, Scott Minerd is also a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, an advisor to the Organization for Economic Cooperation and Development, and a contributing member to the World Economic Forum. Minerd is regularly featured in leading financial media outlets, including Financial Times, Barron’s, Bloomberg, CNBC, Fox Business News, Forbes, and Reuters.
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Global CIO Scott Minerd joins CNBC at Davos 2019 to explain why with so little wiggle room on rates, the Federal Reserve may be forced to reengage in quantitative easing if the economy stalls.
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