December 30, 2020 As we close calendar year 2020, $18 trillion of investment grade debt trades at a negative yield. This is primarily a consequence of the major central banks purchasing their own sovereign debt. This is a weird closed loop. The left hand(The US Treasury) borrows money to fund Congressionally authorized fiscal deficits while … More Kryptonite for the Bond Vigilantes
As we begin a new decade, the primary theme for financial markets remains interest rate suppression. Global developed world central banks continue to purchase government securities of their own country(there is some peculiar circularity to this monetary experiment), thereby lowering interest rates on their own government debt. While this policy may have the positive impact … More 2020 Vision
We distinctly remember the date, March 6, 2009. The S&P 500 index traded down to 666 as the financial markets attempted to find a bottom following the collapse of Lehman Brothers on September 15, 2008. Developed world central banks responded to the weakness in financial markets with unprecedented ZIRP (zero interest rate policies) and, in … More Financial markets 8.67 years into the bull market
Welcome to the Quaker Capital Investments, LLC website. We are a single family office investing globally in public equities. We also invest in the equity of regional early stage venture companies and mature private companies experiencing an ownership transition. This space will serve to update important news at the company or its investable markets.