Legendary hedge fund manager Ray Dalio said the stability of the US dollar is threatened as tensions between Beijing and Washington could lead to a “capital war.” In an interview with Fox Business, Dalio said that if the US government prohibits investments in China or withholds payments on Chinese debt …
Read More »Sweden had one of the most relaxed COVID-19 blocks in the world. There is increasing evidence that it helped weather the 2020 economic storm better than anywhere else.
ANDERS WIKLUND / Getty Throughout the coronavirus pandemic, Sweden has drawn international attention for its unorthodox approach to controlling the spread of the virus. Unlike most European countries, Sweden did not impose strict blocking measures. Now she’s reaping the rewards, financially speaking, at least. A Capital Economics report released Tuesday …
Read More »‘This is so much more psychological’: why the CEO of the world’s largest asset manager says the COVID-19 crisis looks nothing like 2008
The 2008 financial crisis and the economic damage caused by the COVID-19 pandemic are very different, according to BlackRock CEO Larry Fink. “This is an existential problem, so it is beyond a financial crisis that we saw in 2008,” Fink said in an interview with CNBC on Friday. Fink said …
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