Sep 12, 2017

Tiger's Robertson: Stock bubble sparked by central bank "collusion"

AP Photo/Richard Drew

Hedge fund manager Julian Robertson believes there is a global stock market bubble that has been created by artificially low interest rates throughout the world, according to comments made today at the CNBC Institutional Investor Delivering Alpha conference:

"It's the Federal Reserve's fault, and the Federal Reserves all over the world. I mean, in Germany, in order to buy a bond, until recently, you actually had to pay interest. And, you know, that's certainly going to discourage a lot of people from doing so... There's been collusion all over the world, let's get interest rates down."

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Axios

Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 2 p.m. ET: 19,451,097 — Total deaths: 722,835 — Total recoveries — 11,788,665 — Map.
U.S.: Total confirmed cases as of 2. p.m. ET: 4,968,413 — Total deaths: 161,858 — Total recoveries: 1,623,870 — Total tests: 60,415,558 — Map.
Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective.
Science: Indoor air is the next coronavirus frontline.
Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.

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Rashaan Ayesh

54 mins ago - World

What's next for Lebanon after the Beirut explosion

Photo: Houssam Shbaro/Anadolu Agency via Getty Images

Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.

Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.

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Mike Allen

2 hours ago - Politics & Policy

Wolf Blitzer marks 15 years in "The Situation Room"

Wolf Blitzer on the White House beat in 1993, along with NBC's Brian Williams, CBS' Rita Braver and ABC's Brit Hume. Photo: Paul J. Richards/AFP via Getty Images H

Aug. 8, 2005 — "The Situation Room's" debut on CNN wherein the host first said: "I'm Wolf Blitzer and you're in The Situation Room, where news and information from around the world arrive in one place simultaneously!"

The state of play: When the pandemic took off in the U.S. in March, Blitzer started working 7 days a week for 60+ days, until he took a Sunday off. Then he continued 7 days a week until he took a few days off.