Managing editor, Ed Harrison, is joined by Jay Pelosky, co-founder and CIO of TPW Investment Management, to provide an update on his current outlook amid a…
Even with a gross bookings run-rate of over $30 billion, Uber remains unprofitable in its Delivery segment. Meanwhile, the company has has burned almost $10 billion in the past 4 years.
In FX, going forward it will be about the search for carry or any positive idiosyncratic stories that differentiate a country from the "low growth, low inflation, stuck politics" pack
...I do not believe it will provide the type of support to the stock market that similar stimulus has provided in the past... we are going to overdose on that stimulus and the fatality is going to be in the US dollar...
"...please don’t believe the fake promises of the other candidate... I promise to do my best to manage the coming disorderly collapse of the USA to the best of my ability..."
Venezuela has seen nothing short of a full collapse of its economy. Now, the path forward for socialist leader Nicolas Maduro seems to have turned to dollarization...