Elliott Management Founder Singer: Low Rates, Radical Monetary Policy Have Not Led To Sustainable Growth (CNBC)
Investors face risks they haven’t seen before due to the aggressive actions of global central bankers, Paul Singer of Elliott Management said Tuesday. Repeating a theme at the Delivering Alpha conference, Singer faulted the Federal Reserve and others for creating unusual dangers that are unique in the “5,000 years-ish” history of finance due to low and negative interest rates. “What they have done is created a tremendous increase in hidden risk, risk that investors don’t exactly know or have faced about their holdings,” he said at the conference presented by CNBC and Institutional Investor. “I think it’s a very dangerous time in the global economy and global financial markets.”
Full Interview With Jim Chanos On Market, Tesla (CNBC)
Jim Chanos, the founder and managing partner of Kynikos Associates, discussed his market views, short investments, China and the election in an extensive interview with CNBC’s Scott Wapner at CNBC/Institutional Investor’s Delivering Alpha conference on Tuesday. On the macro environment: “I have no idea what is going on. … It’s a crazy time as I’ve ever seen and the cross currents are there politically, financially, the central banks. It’s tough enough trying to get our companies right,” Chanos said.
Amazon Shares Could Double In Three Years, Bill Miller Says (CNBC)
Amazon.com shares, already enjoying a torrid run, could “double in three years,” value investor Bill Miller said Tuesday. The e-commerce titan will rise on the strength of continued revenue growth and margin expansion in its rapidly growing Web Services business, the LMM chief investment officer said. He added that he sees more upside for Amazon than Facebook or Google because the U.S. retail market dwarfs the advertising market occupied by Facebook and Google. Amazon shares have climbed more than 40 percent in the last year.