Alexander Fleiss, Chairman and Chief Investment Officer of Rebellion Research, and speaker at High-frequency Trading Leaders Forum 2013 New York City, says that Chile has shown tremendous progress since the financial crash of 2008. Overall GDP has grown by nearly 50% over the last five years. Unemployment peaked at just under 11% in 2009 and has steadily improved to 6.1% in April, even lower than 2012’s 6.5%. In addition, he says wages per hour are up over 20% from 2009 levels.
“Higher unemployment and stronger wages have boosted the Chilean consumer. Chile’s retail sales grew by 10.8% during April from a year earlier after expanding by 10.2% from a year earlier in March. And overall Chilean consumer spending is also up nearly 50% since the financial crisis.”
Alexander Fleiss serves as Chairman and Chief Investment Officer of Rebellion Research, a Global Macro hedge fund and financial advisory that invests across all asset classes and is based in New York. Mr. Fleiss also oversees the firm’s institutional research division, Rebellion Economics, which offers coverage of 44 countries. Mr. Fleiss has spoken about Artificial Intelligence investing at conferences, universities, the book Dark Pools, Fox News, BusinessWeek, Bloomberg News, Geo Magazine, Institutional Investor and the Wall Street Journal.