Central bank credit exceeds their grasp

December 2, 2011

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

To judge by equity markets, central banks have all the credibility in the world, but their reputation just may exceed their actual power.

Triumph of gold, the anti-investment

April 21, 2011

In investing, extreme behavior is becoming more mainstream every day.

How else can we interpret the extraordinary moves by the University of Texas’ endowment fund to not only buy nearly $1 billion of gold, equal to about 5 percent of its assets, but to insist on taking physical delivery of the precious metal.

Bonds, risk and Bernanke’s intentions

February 10, 2011

Will bond investors keep faith with U.S. government debt amid signs of growing global inflation?