Euro debt and the high cost of justice

March 31, 2011

It looks just about possible that creditors are going to be paying something like their share of the euro zone debt disaster after all.

ECB set for an error for the ages

March 29, 2011

In a field of endeavor with a long and glorious history of folly, the European Central Bank is preparing to commit an error for the ages: hike interest rates into the face of a crisis of existence for the euro zone.

Housing raises US recession alert

March 24, 2011

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

If housing is the primary force behind the U.S. economic cycle, then the recession early warning bells just started ringing.

TBTF & AT&T — a poor combination

March 22, 2011

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

HUNTSVILLE, Ala. — We finally have an answer for what kind of financial service only a too-big-to-fail bank can provide: a record-setting loan to fund a takeover that will hugely reduce competition in U.S. wireless communications.

Sometimes there is no bright side

March 17, 2011

JAPAN-QUAKE

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

If rebuilding after tragedies is actually good for the global economy, someone clearly forgot to tell investors.

Undone by our assumptions

March 15, 2011

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

As the people of the great state of California are finding out, very small changes in our assumptions about the world can have very large consequences.

Patience is priceless, but doesn’t pay

March 10, 2011

Patience, particularly in investing, is one of those virtues everyone praises but for which no one seems willing to pay.

Tech, jobs and continuing low rates

March 8, 2011

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

HUNTSVILLE, Ala. — Technology is limiting U.S. employers’ appetite for both lawyers and big box stores, two excellent reasons to expect monetary policy to remain loose for a long time to come.

A financial widening, not deepening

March 3, 2011

While Treasury Secretary Tim Geithner prepares for a “financial deepening” he hopes will be a boon to U.S. banks, we may be steering instead for broader, shallower waters which will drive down margins in financial services and favor simplicity.

Bernanke’s children ignite loan party

March 1, 2011

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

By some measures the bank loan market is partying like it’s 2007, a remarkable turn of events considering three intervening years of recession, crisis and volatility.