Japan’s stock market is more than 70 percent off its 1989 record high and last month the country’s debt was downgraded for the first time in nine years. Time to buy Japanese equities, says David Herro.
“At these prices Japanese stocks are a steal,” said Herro, 50, manager of the $6.9 [...]
Posts Tagged ‘economy grew’
Oakmark’s David Herro Says Unloved Japanese Stocks a ‘Steal’
February 3rd, 2011 by Financial Writer
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more...Carney, Volcker see long haul to recovery
November 20th, 2010 by Financial Writer
The world economy faces a long, hard slog toward recovery and could slide into deflation and financial instability if leaders fail to deliver on promises of reform, top policy markers said on Friday.
At a conference in Calgary, White House special adviser Paul Volcker warned it would likely take years for the American economy to [...]
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U.S. Growth Is Revised Downward, to 2.7%
June 27th, 2010 by Financial Writer
The government lowered its estimate of how much the economy grew in the first quarter of 2010, noting that consumers spent less than it previously thought.
The country’s gross domestic product rose by an annual rate of 2.7 percent for January through March, the Commerce Department said on Friday. That was less than the 3 percent [...]
Tags: businesses, commerce department, debt crisis, economists, economy grew, european economy, financial system, recessions, us consumer
Stock rise as investors shake off GDP revision
December 22nd, 2009 by Financial Writer
Stocks rose Tuesday as investors appear to be shaking off a worse-than-expected report that showed economic growth in the third quarter was not as strong as previously forecast.
Overseas markets strengthened. A report that the British economy did not contract as much as previously thought in the third quarter sparked a rally in Europe.
The U.S. government [...]
Tags: economy grew, gdp, holiday, investors, stock rise