Rate hikes to help pensions but cool valuations

March 19, 2015

By James Saft

(Reuters) – While pension funds will catch a break on their funding levels if interest rates rise, they also may suffer if valuations fall at the same time.

Who needs a dog when you’ve got the Fed?: James Saft

March 18, 2015

By James Saft

(Reuters) – The Federal Reserve has proved once again that investors can ditch the dog: they have a friend in the U.S. central bank.

Andorra, another little country with big banking troubles: James Saft

March 17, 2015

By James Saft

(Reuters) – With Andorra now added to the list, how many more examples do we need to see the folly of combining a small country with a large banking system?

Turkey, central bank meddling and repealing gravity: James Saft

March 12, 2015

March 12 (Reuters) – Turkey is an object lesson in the
dangers of political interference in monetary policy, made much
worse when it is based on the economic equivalent of trying to
repeal the law of gravity.

Investment gatekeepers have a value problem

March 11, 2015

By James Saft

(Reuters) – The investment gatekeepers who help control $25 trillion of institutional money have trouble figuring out who is and who isn’t good at money management.

ECB launches QE with trailing wind: James Saft

March 10, 2015

March 10 (Reuters) – The European Central Bank is about to
discover that for once, by launching a bond-buying campaign just
as credit conditions improve, it is getting lucky.

Fed runs out of patience, risk rally runs out of road: James Saft

March 6, 2015

March 6 (Reuters) – The Fed is going to run out of patience,
which means the equity rally may run out of road.

Buffett champions conglomerates, don’t believe him

March 4, 2015

By James Saft

(Reuters) – Warren Buffett telling the rest of us about the advantages of conglomerates is like Willie Mays arguing for the no-look-over-the-shoulder catch while running full speed.

China rates going lower as tide of capital heads out: James Saft

March 3, 2015

March 3 (Reuters) – The tide of capital is going out in
China and many boats, in Chinese ports or not, will settle lower
in the water in consequence.

Sin seems to be its own reward

February 25, 2015

Feb 25 (Reuters) – Virtue in investment terms may be its own
reward, but the evidence shows sin pays better.