View From the Fortress
Airtime: Fri. Aug. 6 2010 | 3:37 PM ET
Going behind the numbers and inside the hedge fund world, with Daniel Mudd, Fortress Investment Group CEO.
Airtime: Fri. Aug. 6 2010 | 3:37 PM ET
Going behind the numbers and inside the hedge fund world, with Daniel Mudd, Fortress Investment Group CEO.
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added.
“Russia has growth and Russia has money and Europe has neither,” Kingsmill Bond from Troika Dialog told CNBC Tuesday. “Russia has the capacity to support Europe clearly with its cash,” he added.
The domestic demand story makes India, China and Indonesia attractive, says Jonathan Reoch, senior portfolio manager at AMP Capital Investors. He also tells CNBC’s Oriel Morrison, why he favors higher beta plays such as banks and property firms.
Insight on the hotel price index report, with David Roche, president of Hotels.com
Why the S&P is headed towards 1500, with James Altucher, Formula Capital.
President Obama shares remarks on the BP spill and more.