Business
Lee Ferridge, head of North America macro strategy for State Street Global Markets, has been bullish on gold since late 2018, when an attempt at quantitative tightening by the Federal Reserve sent markets into a tailspin. From that moment, he knew the central bank’s balance sheet would only grow larger, a boon for real assets like gold. Now, the precious metal is smashing records, beating both stocks and bonds in 2020. Mentioned in this podcast: Kodak Pivots to Drugs After Abandoning Photography, Crypto At Center of ‘Erratic’ Market Moves Is a Raging Recovery Debate