Bridgewater: China on Track to be Largest Economy in the Next Ten Years

The head of China research for Bridgewater Associates said that China will become the world’s largest economy in approximately 10 years because of the country’s decision to open its markets to outsiders. This according to an article in Chief Investment Officer. Speaking at the board meeting of the Arizona Public Safety Personnel Retirement Trust last month, Bridgewater’s Paul Podolosky told pension officials that Chinese assets are appealing as more than just a good portfolio diversifier,… Read More

Chinese Stock Market a Step Closer to Global Community

A recent Bloomberg article says, “China’s stock market is about to go global like never before,” reporting that on June 1st MSCI, Inc. added more than 200 locally-listed Chinese companies to the benchmark equity gauges that guide its investment activities. “While foreign investors still have concerns about everything from China’s debt risk to state intervention and capital controls, many are keen to increase their exposure to a $13 trillion economy that’s growing twice as fast… Read More

Geopolitics and Economics: Niall Ferguson Calls for a Strong U.S. Role, Concerned about China

Niall Ferguson of Harvard spoke with Barron’s about the interface of geopolitics and economics in the U.S, and globally. He emphasizes the importance of political stability to economic prosperity, noting that “[g]lobal order and stability need to be underwritten. It doesn’t just happen.” He opined that “[t]he global economy needs a strong hegemonic power to reduce conflict, ensure freedom of the seas, and so forth.” Therefore, he believes that the U.S. needs to act as… Read More

Chinese Easing Might be Magic Formula for Stocks says Tepper

In a recent CNBC interview, hedge fund manager David Tepper says, “if there was a magic formula, it would be China really easing a lot, and I consider them much much too tight still and they play a lot of games with their economy.” He continued, “not one quarter, but . . . a couple hundred basis points.”  Tepper opined that “the United States is great,” it is China “that’s really causing the problem; it’s… Read More