Author: Henry Kanapi

Billionaire Jeffrey Gundlach says the United States is approaching a historical trigger point that has marked the decline of past empires. In a new DoubleLine Capital video update, the billionaire investor points to what is known as “Ferguson’s law,” a principle dating back to the 18th century. “And he came up with the idea that any great power that spends more on debt service than on defense risks ceasing to be a great power. So there’s this trigger point when you’re spending more on interest expense than you are on defense.” He cites the Spanish Empire as an example of…

JPMorgan chief executive Jamie Dimon warns that the US is inching closer toward the next credit downturn, and the fallout may catch investors off guard. In a new Bloomberg interview, the JPMorgan CEO says credit cycles are inevitable and tend to follow economic slowdowns, while noting that every cycle hits different industries hardest. “So some things rhyme, and some things never change. OK. There will be a credit cycle. It’s usually caused by a recession. The type of recession determines the nature of it. So stagflation is very different than just a recession. One of the things that’s always different…

Satya Nadella says fears of mass AI-driven unemployment underestimate society’s ability to respond. In an interview on the OMR Podcast, the Microsoft chief executive pushes back on the idea that AI alone will dictate economic outcomes. According to Nadella, people, societies and governments have a big say about AI diffusion and its potential for labor market disruption. “I’m not being Pollyannic about this, but I’m saying let’s at least have a bit of optimism in our ability as humans and human societies and as political economies, right? One thing that is discounted is that we have control. It’s called political…

Cathie Wood says ARK Invest’s long-term outlook for Tesla does not yet include what she sees as one of its biggest potential opportunities in AI. In a Morningstar interview, the ARK founder unveils a long-term price forecast for the electric vehicle maker and says even the big projection excludes upside from humanoid robots. “Our 2029 forecast is $2,600. That forecast has nothing for Optimus, so humanoid robots. And we’re beginning to understand that while we were too aggressive on autonomous mobility, so robotaxis, we may be too conservative on the humanoid robot opportunity. So stay tuned for that update.” Wood…

Brad Gerstner says Altimeter’s strategy over the past two years has centered on one core idea. In a new Fox Business interview, the Altimeter founder says the firm’s positioning is directly tied to advances in machine intelligence. “The overarching theme now for two years at Altimeter is we want to be positively correlated to improvements in intelligence. We think there’s no turning back from artificial intelligence.” Gerstner says that philosophy has translated into heavy exposure to the infrastructure that powers AI systems. “And so that means the biggest things that we own are things that are in the production of…

Elon Musk says the AI community is underestimating how much more powerful AI systems can become. In a recent interview with Peter Diamandis, the Tesla and xAI founder says current models represent only a fraction of what is technically achievable. “Most people in the AI community don’t yet understand, which is almost no one understands, that the intelligence density potential is vastly greater than what we’re currently experiencing. So I think we’re off by two orders of magnitude in terms of the intelligence density per gigabyte [of what’s achievable], yes.” To provide a better picture of his claim, Musk points…

The former Goldman Sachs chief executive says investors should be paying close attention to opaque and illiquid corners of the market. In a new Bloomberg interview, Lloyd Blankfein says his concern centers on the private credit market, where assets are difficult to price and even harder to test in real time. “I’m worried. Look, one has to worry about opaque assets where there’s illiquidity. So it’s very hard to mark to market, and you’re marking it by analogy to other companies. So there’s no precision there. Very hard to test in the market whether your marks are correct because the…

David Sacks says the real-world rollout of AI will be shaped less by ideology and more by friction. In a new episode of the All-In Podcast, the White House AI and Crypto Czar says enterprise inertia and infrastructure limits will slow the pace of change. “With any new technology, there’s always a huge change management aspect with enterprises, because it’s hard for them to adapt and change. And the people in the organization who can lead that change management are the ones who are going to create an amazing career opportunity for themselves. But it’s hard to do. And that’s…

A trader who predicted early last month that oil would rally believes that the move to the upside is far from over. Pseudonymous trader NoLimit tells his 1.1 million followers on X to keep a close watch on the VanEck Oil Services ETF (OIH) and the State Street Energy Select Sector SPDR ETF (XLE). According to the trader, both exchange-traded funds are up double digits in percentage points and will likely continue to move higher. “On February 2nd, I told you to buy OIH and XLE. Since then: OIH: +14% XLE: +10% Crude oil: 7-month highs. And in my opinion,…

Dan Ives says the recent software pullback has created a major disconnect in the value of one of Wedbush’s top stock picks. In a new CNBC interview, the Wedbush analyst singles out Microsoft (MSFT) as one of the most mispriced large-cap tech names he has seen in years. While Ives acknowledges investor concerns around competition and hyperscaler spending, he says the AI revenue opportunity for Microsoft is still early. “Microsoft, I think it’s probably the most disconnected stock that I’ve seen in the last few years relative to where it’s trading. My view is 10% of Azure customers have gone…