A Wall Street expert unloads on the 'Fyre Festival stock market,' where 'immaterial' businesses rule and experience is a liability

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Vincent Deluard, Director of Global Macro Strategy at INTL FCStone Financial Inc., thinks the 'faking it economy' has distorted the competitive scene.

, isn't coy about sharing his thoughts about an economy he sees less depictive of reality with each passing day. The genesis of his thinking stems from the very institutions that helped rescue the globe from economic disaster: central banks.

"Businesses whose value is not grounded in physical assets or labor become more desirable: assets that do not show up financial statements, such as brand name, access to customers' data, or a base of captive users are the drivers of value in the age of free capital," he wrote in a recent note to clients.

The intangible portfolio starts to outperform the tangible portfolio in 2016 — a phenomenom that is still continuing today."Owning tangible capital is no longer an advantage when capital is free," Deluard said."The best-performing stocks are immaterial businesses with no tangible capital and few workers."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol he must have shorted Took me a few weeks to realize the markets were insane. And it's been insane profit since then

Computer traders are going to send the market to insane highs before a crash which will just be a buying op/

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and VideoBreaking news and analysis from the U.S. and around the world at WSJ.com. Politics, Economics, Markets, Life & Arts, and in-depth reporting.
Source: WSJ - 🏆 98. / 63 Read more »

Wall St. Week Ahead: Union Pacific, other freight co earnings eyed for tariff effectsResults from two major U.S. railroads next week are likely to attract more scrut...
Source: Reuters - 🏆 2. / 97 Read more »