Larry Xiao

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The chief investment officer of a $490 billion fund manager on Trump, Dow 20K, and big data

Business Insider recently caught up with Seth Masters, the chief investment officer of Bernstein Private Wealth Management, to hear about his outlook for the markets in 2017.<p>Masters is a 26-year veteran of the firm, which has $490 billion in assets under management. Masters has published numerous …

Capital spending by US corporations could break out in 2017

Companies around the world reduced capital expenditures in the years after the global financial crisis. But in 2016, despite historically low interest rates, spending on new equipment all but collapsed. That shaved about 1% from gross domestic product across developed markets.<p>What happened? To …

Some of the Wisest Words Ever Spoken About Investing

After what for many has been a grim and stressful year, investors shouldn’t let Thanksgiving weekend pass without making sure to count their blessings. Begin by closing your eyes, thinking of this year’s economic and political news, and then guessing how the U.S. stock market has responded. …

Stock Markets

The Fed Just Brought Us Closer to a True Market Crash

Do not underestimate the cowardice or incompetence of the U.S. Federal Reserve.<p>Last Thursday, after running out of domestic reasons to avoid raising interest rates by a paltry 25 basis points for the first time in nine years, the Fed decided to blame China for its policy paralysis.<p>By doing so, it …

Brazil's currency just dropped to a level it's never seen before

Brazil's economy is getting absolutely hammered.<p>Last week Business Insider's Myles Udland charted the awful data coming out of Brazil. Business and consumer confidence and retail sales are slumping, while inflation and unemployment are picking up.<p>And the country's currency, the Brazilian real, is …

Outflows from emerging market funds accelerate

Outflows from emerging market funds have accelerated over the past week, as fresh volatility in Chinese stocks, a rising US dollar and falling …

China's real estate market could trigger the next global crash

But the ultimate trigger would be the bursting of the greatest bubble in modern history - China!<p>QE works to some degree but less and less over time, like any drug. I have been looking for something to go wrong that further QE in developed countries like the U.S., Europe, and Japan could not …