Ritesh Jain is Director and Strategic Advisor, Eastern Financiers and Economic Advisor, Old Bridge Capital. The Calgary, Canada-based Jain is also a global macro investor and Top 3 Global LinkedIn Influencers on Economy and Finance, Mumbai
He is a trend watcher, Global Macro investor and Blogger at worldoutofwhack.com. He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives. He muses about global macro investment opportunities, economics, business, and financial issues.
Brave New World: Will China lose its manufacturing superpower status soon?
Countries like US and India could be ready to get “REINDUSTRIALISE” again.
CDS Price had dropped on Thursday from 900bps to 740bps after Fed decision to buy junk bonds.
Ritesh Jain, a Dalal Street veteran, trend watcher and Global Macro Investor, captures global macro investment opportunities and economic, business and financial trends with charts and commentaries in this space.
New Fed balance sheet number is out! $6.08 trillion. (was $4.4 trillion 42 days back). I expect it to reach $9-$10 Trillion before year end.
"Airbnb’s valuation, in the private secondary market for shares held by early investors, has dropped from $150 per share a few weeks ago to under $90 a share, valuing the company at less than $30 billion. The Inflation Tsunami? The huge monetization of deficits planned by Central Banks one-third increase of balance sheets, could lead to 15-20% monetary growth in 2020. This surely must lead to faster inflation of circa 5-10% in the US from 2021. Bonds beware. GOLD looks great. (CrossBorder Capital)
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China's Manufacturing Superpower vs. the World I believe the manufacturing going forward will be more localized and China & Germany could be the big loser .Countries like US and India could be ready to get “REINDUSTRIALISE” again. The Fed is buying junk bonds now. Delta cut to junk by Fitch as 35,000 workers take leave. CDS Price had dropped on Thursday from 900bps to 740bps after Fed decision to buy junk bonds.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
