In Plus episode 525, we analyze the risk of the Trump Administration banning U.S. citizens and entities from owning Chinese-listed stocks, including stocks held in ETFs and mutual funds. We also discuss two papers by AQR Capital Management on U.S. versus non-U.S. stock returns. Become a Member If you would like to listen to this episode of Money For the Rest of Us Plus, you can do so by becoming a Money For the Rest of Us Plus member. Learn More About Membership Options » 525 … [Read more...]
516: What Trump Wants Part 2 – How Trade Deficits and Capital Flows Can Harm or Help Countries
How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier. Topics covered include: Show Notes Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital Is Peter Navarro Wrong on Trade? by Michael … [Read more...]
495 Plus: China’s Stock Boom, U.S. Recession Risk, and Fractional Shares
In Plus episode 495, we explore why the Chinese stock market has gained 15% this month. We review the latest leading economic indicators to assess U.S. and global recession risk. Finally, we touch on fractional share ownership. Become a Member If you would like to listen to this episode of Money For the Rest of Us Plus, you can do so by becoming a Money For the Rest of Us Plus member. Learn More About Membership Options » 495 Plus Show Notes 445: From Boom to … [Read more...]
445: From Boom to Bust—Why China’s Stocks Lagged Behind Its Economy & Where to Invest Next
Explore the surprising disconnect between China's booming economy and its underperforming stock market, and discover where the next investment opportunities lie. Topics covered include: Show Notes State-Owned Enterprises Going Public: The Case of China by Xiaozu Wang, et al.—SSRN A Model of China's State Capitalism by Xi Li, et al.—SSRN Has China given up on state-owned enterprise reform? by Nicholas Borst—The Interpreter China Regulator’s New Slogan Fuels Buying Spree … [Read more...]
411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha Mehta
Camden and David converse with Asha Mehta, Managing Partner & CIO at Global Delta Capital about the bullish case for emerging and frontier markets stocks as well as the risks. Topics covered include: Show Notes Power of Capital by Asha Mehta Global Delta Capital Episode Sponsors MasterClass - Get two annual memberships for the price of one at https://masterclass.com/mftrou Masterworks – invest in contemporary art Related Content The Opportunity and Risk … [Read more...]
394: How to Get Better at Risk Taking
Five ways we can better take and manage risk. Topics covered include: How likely is it that China will invade Taiwan and the stock market will fall 80%Why experts tend to be humble and don't make specific predictionsWhat is the difference between risk and uncertainty, and between loss capacity and loss aversionWhat factors impact our degree of loss aversion and loss toleranceWhy the economy needs more risk takers rather than rentiers Show Notes Investor Risk Profiling: An … [Read more...]
358: Should You Stop Investing in China?
A regulatory crackdown and ideological campaign by the Chinese government has upended the Chinese stock market, which comprises close to 40% of emerging market indices. We evaluate what is going on and what investors should do. Topics covered include: Show Notes Cathie Wood’s Ark cuts China positions ‘dramatically’ by Leo Lewis and Thomas Hale—Financial Times Beijing to break up Ant’s Alipay and force creation of separate loans app by Sun Yu and Ryan McMorrow—Financial … [Read more...]
353 Plus: China, VIEs and Stock Performance Over the Past Decade
In Plus Episode 353, we review variable interest entities, the corporate structure used by some of the largest publicly traded technology companies operating in China. We review the risks of this structure, especially in light of recent regulatory actions taken by the Chinese government against publicly traded tutoring companies. We compare the risks of investing in China and other emerging markets with the risks of investing in an expensive U.S. stock market. Become a Member If you … [Read more...]
344: Why Should You Care About Shadow Banking?
Half of the global financial system's assets belong to shadow banks. You have probably already used one. What are shadow banks and what to be wary of when using them. Topics covered include: Show Notes Q+A-What is shadow banking and why does it matter? by Michelle Martin—Reuters What You Need to Know About the Shadow Banking System Now by Craig Kirsner—Kiplinger Global Monitoring Report on Non-Bank Financial Intermediation 2020—Financial Stability Board How fintech will … [Read more...]
337: Why in the World Would You Own Bonds?
With interest rates rising does it still make sense to own bonds? Yes. This episode explores the role of bonds including why they are more effective at hedging stock losses than protective put options. Topics covered include: Show Notes What I think, not what I thought - Jason Fried Why in the World Would You Own Bonds When... - Ray Dalio Explainer: Foreign access to China's $16 trillion bond market - Reuters The True Cost of Hedging S&P Downside - Movement … [Read more...]
