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 a global policemen, noting, “[i]t better not be the Chinese or the Russians.”  The reason: “A world in which the U.S. yields regional power to […]

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 everything related there.” He said the situation makes it “really hard for the Fed” and “people may underestimate . . . how fast the Fed […]