Scott Minerd discusses the importance of transitioning sustainable development into an institutional asset class.
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.
With a resounding "NO" vote on the Greek referendum to accept the terms of Europe's proposed "bailout," market pundits are out in force talking about the coming turmoil. I think investors and policymakers alike would be wise to step back and put this unexpected outcome into perspective for the long term.
Despite a generally positive outlook, Grexit fears, the onset of a rate hike, negligible asset appreciation, and a high level of complacency are cause for concern.
A stream of positive data supports a September rate hike, but summer storms loom on the horizon.
While bonds are still reasonably valued, yields have risen more than expected and seasonals appear to have turned against equities.
What to make of markets that are no longer on speaking terms with their fundamentals.
The Kentucky Derby marks the beginning of summer, but ultimately investors must prepare for the coming winter.
Well-intended regulations that limit access to capital could be another crisis in the making.
Powerful secular and fundamental forces at work signal that the risk to U.S. interest rates remains to the downside.
Investors anticipating first-quarter GDP growth should revisit the data—a replay of 2014’s weather-induced economic downturn is more likely.
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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Scott Minerd, Chairman of Investments and Global CIO, joins CNBC as we face war, inflation, and a new COVID outbreak in China.
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