State pension plans putting politics above retirements

July 31, 2015

By James Saft

(Reuters) – State public pension funds love buying shares in local companies, but it is not so much a matter of “buying what you know” as “buying shares of companies with political clout.”

Making the perfect the enemy of the good, Fed edition: James Saft

July 29, 2015

July 29 (Reuters) – The Federal Reserve, it seems, is still
waiting for the economic equivalent of perfection and risks
squandering a good opportunity to begin normalizing interest
rates.

Making monetary policy like it’s 1973: James Saft

July 23, 2015

July 23 (Reuters) – The last time unemployment claims were
this low, in 1973, the Federal Reserve chair was the last one to
lose control of inflation: Arthur Burns.

Irrationality and self interest in pension funds

July 22, 2015

By James Saft

(Reuters) – Q: What do you call a system in which everyone bets on something they don’t really think is going to happen?

Gold at low ebb, authorities in ascendance: James Saft

July 21, 2015

July 21 (Reuters) – If a rising price of gold is a negative
indicator of trust in the global financial system, then the
world’s central bankers and policy makers are right now enjoying
a glittering authority.

China pulling the levers nearest to hand: James Saft

July 17, 2015

July 17 (Reuters) – China may be throwing its all at the
stock market not because that is its most important problem, but
it’s the one Beijing can most easily, if ham-handedly, control.

Allocating for all your assets, including human capital: James Saft

July 16, 2015

By James Saft

(Reuters) – Constructing a portfolio based only on how financial assets will perform and behave ignores many of the investor’s biggest assets: earning power, real estate and pension benefits such as social security.

Allocating for all your assets, including human capital

July 16, 2015

July 16 (Reuters) – Constructing a portfolio based only on
how financial assets will perform and behave ignores many of the
investor’s biggest assets: earning power, real estate and
pension benefits such as social security.

The only game in town: James Saft

July 14, 2015

July 14 (Reuters) – The lesson of recent developments
regarding Greece, China and the Federal Reserve isn’t that
officials are losing control, but instead how events confirm the
great extent to which they are the key determining force in
financial markets.

Fed may be less patient than market believes: James Saft

July 9, 2015

July 9 (Reuters) – The market seems to be betting that the
Federal Reserve is going to steal a page from China’s playbook.