Bonds swamped in fair weather or foul

May 29, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Come good news or bad, the U.S. treasury market is taking a sell now and wait for inflation later strategy.

The ugly attraction of fast shrinking Japan

May 21, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Sure, seeing your economy shrink at a 15 percent annual clip is depressing, quite literally, but if you believe in even a tepid global economic recovery in the second half, then Japan is actually attractive.

Pension funds should ditch alpha and cut fees

May 13, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

If anyone has reason to pray that the current equity rally holds, it is the world’s active fund managers who need investors to return to the folly of betting on outperforming the markets rather than the uninspiring but reliable business of cutting costs.

Bond markets give stress test thumbs down

May 8, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

The most revealing verdict on the results of the U.S. banking stress test was delivered not by shareholders but by the vigilantes of the bond market, who shunned an auction of 30-year government debt.

from Neil Collins:

Don’t bet that RBS is cheap

May 6, 2009

Once upon a time, when the problems in the credit markets were little more than an awkward lump in the inter-bank rates, and Northern Rock looked like a bizarre aberration, Royal Bank of Scotland shares cost over four pounds apiece. Today, even after the rush for rubbish that has characterised the current share rally, they cost just 50p. Surely they must be cheap?

A chink of light for the euro zone

May 1, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Even without a huge fiscal boost or a hell-for-leather central bank, Europe could have a recovery, albeit a tepid one, on the cards by the end of the year.