Market’s journey of grief over ZIRP moves on to bargaining: James Saft

August 7, 2015

Aug 7 (Reuters) – With today’s payroll numbers pointing to a
September Fed rate rise, investors appear to have moved into a
new stage of their grief over losing zero interest rates.

The vanishing public company

August 5, 2015

By James Saft

(Reuters) – The number of publicly traded U.S. firms is now lower than at any time during the past 40 years and small investors, if not the economy as a whole, may pay the price.

Poor commodities: an asset without a central bank backer: James Saft

August 4, 2015

Aug 4 (Reuters) – Commodity investors stung by the four-year
bear market made one simple mistake: investing in an asset class
not backed by a central bank.

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

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.