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(Bloomberg Opinion) -- The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a U.S. that drew freely on the rest of the world to support its over-extended standard of living. For almost 60 years, the world complained but did nothing about it. Those days are over.Already stressed by the impact of the Covid-19 pandemic, U.S. living standards are about to be squeezed as never before. At the same time, the world is having serious doubts about the once widely accepted presumption of American exceptionalism. Currencies set the equilibrium between these two forces — domestic economic fundamentals and foreign perceptions of a nation’s strength or weakness. The balance is shifting, and a crash in the dollar could well be in the offing.The seeds of this problem...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]...
In this article we will check out the progression of hedge fund sentiment towards Spirit Airlines Incorporated (NYSE:SAVE) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]...
In this article you are going to find out whether hedge funds think Immunomedics, Inc. (NASDAQ:IMMU) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]...
Boeing (BA) reported a big loss in its Q1 earnings report in April -- $1.70 per share (pro forma). Most analysts forecast that the airplane maker's Q2 report could be even worse -- a $2.20 per share loss. And yet, despite this prospect looming on the horizon, and the potential that Boeing could miss it and turn in a fourth straight quarterly earnings "miss," investors have bid up Boeing shares an incredible 71% over the past three weeks.Cowen analyst Cai Rumoh thinks investors are being dangerously overoptimistic.The 5-star analyst made no bones about what he thinks is at fault for Boeing's underperformance, and believe it or not, it's not coronavirus -- but the Boeing 737 MAX. Investors, posits Rumohr, are latching onto reports of a modest increase in air traffic, combined with Boeing's announcement that it has resumed a slow pace of 737 MAX production, to mean that things will soon...
