The Knightian dog ate my recovery

August 31, 2010

Remember when business and economic leaders droned on about “100-year storms,” 2008′s get-out-of-jail free card for people who missed the housing bubble?

We are all widows and orphans now

August 26, 2010

It may seem like a  world turned upside down: stocks are desired for their dividends and bonds are all about capital appreciation, or at least preservation.

A painful holiday’s end for Europe

August 24, 2010

Europe’s long summer holiday still has a week to run but this year’s reentry will bring with it evidence that very little progress has been made on the issues that threaten to rend the currency union and upend the global economy.

COLUMN: A painful holiday’s end for Europe – James Saft

August 24, 2010

(James Saft is a Reuters columnist. The opinions expressed are his own)

By Jim Saft

HUNTSVILLE, Ala. (Reuters) – Europe’s long summer holiday still has a week to run but this year’s reentry will bring with it evidence that very little progress has been made on the issues that threaten to rend the currency union and upend the global economy.

Flight to “safety” eases China diversification

August 19, 2010

China appears to be taking steps to diversify its holdings away from the U.S. dollar and may just have chosen a pretty good time to do it.

Stocks from Venus, bonds from Mars

August 17, 2010

Forget about politics, the biggest divide in the U.S. is between stock and bond investors, who aren’t so much arguing as speaking entirely different languages.

Fed can’t fix broken economy, politics

August 12, 2010

The Federal Reserve’s decision to move to a kind of quantitative neutrality is a tacit admission that it, or rather that the United States, is in a political bind that makes a bold response to a deteriorating economy difficult.

For assets, demographics may be destiny

August 11, 2010

Right about now a massive demographic shift is getting under way which will put substantial downward pressure on house and stock prices, perhaps suppressing global asset prices by one percent a year.

Stocks, bonds and the earnings season dance

August 5, 2010

A look at company earnings implies it is a great time to be a corporation in America, but for investors a rising savings rate and the threat of deflation mean that, ugly and risky as they are, government bonds looks good in comparison to stocks.

‘Random refereeing’ of economy is not what’s stagnating it

August 3, 2010

Apparently, the U.S. economy is being held back by massive uncertainty over new regulation, future taxation and the deficit and how it will be handled, a state so frightening and confusing that investors won’t invest, businesses won’t hire and nervous consumers have taken to their beds.