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 ‘euro’
Oakmark’s David Herro Says Unloved Japanese Stocks a ‘Steal’
February 3rd, 2011 by Financial Writer
Tags: au, bank, ben, business, China, company, Debt, deutsche bank, dollar, economic, economy, economy grew, euro, Europe, european union, exports, finance, glo, government, increase, india, Invest, investment, investor, investors, japan, new york, prime minister, rate, stock, stock market, stocks, the dollar, us
more...Canadian bonds beat world
January 8th, 2011 by Financial Writer
Returns in Canada’s bond market exceeded the rest of the world in 2010, gaining the most in five years, and may outperform again this year amid record foreign purchases of the nation’s fixed-income securities.
The Bank of America Merrill Lynch Canada Broad Market Index, which tracks 1,150 federal, provincial and corporate bonds with a par value [...]
Tags: AIG, au, bank, bank of america, banking, banking system, ben, budget deficit, Canada, company, credit market, crisis, Debt, debt crisis, deficit, dollar, economist, economists, economy, energy, euro, euro zone, Europe, fed, federal government, glo, Global Economy, government, inflation, interest rate, interest rates, Invest, investment, investor, investors, lender, money, new york, oil, rate, recession, sales, us, weak economy
Ottawa should cut spending despite slowing growth: CIBC
December 17th, 2010 by Financial Writer
The federal government shouldn’t allow a softening economy to derail plans to return to a balanced budget, says the chief economist at one of the country’s big banks.
Avery Shenfeld of CIBC World Markets said Thursday that if the economy needs further juice, let the Bank of Canada provide it through very low interest rates.
“Softer [...]
Tags: bank, banks, ben, big banks, Canada, central bank, deficit, economic, economist, economists, economy, Employment Insurance, euro, Europe, fed, federal government, finance, finance minister, financial, gdp, glo, government, increase, inflation, interest rate, interest rates, job, monetary, rate, spending, united states, us, world markets
Spain Pays High Yield on Bonds
December 16th, 2010 by Financial Writer
Spain’s final foray into the market for long-term bonds this year was an expensive exercise for the government Thursday, coming a day after Moody’s Investors Service Inc. warned that it might downgrade the country’s credit rating because of its mounting debt and funding needs.
Germany, meanwhile, announced plans to issue less debt next year, [...]
Tags: au, company, Debt, dow jones, economic, economic recovery, euro, Europe, finance, germany, government, Invest, investor, investors, ubs, us
Are the markets back? Reply is hazy - The Buzz
December 15th, 2010 by Financial Writer
It’s been a long way back, but two of the most widely watched stock market barometers are now trading right around where they were before the financial excrement really hit the fan in September 2008.
The Dow closed Tuesday at 11,476.54, its highest close since September 8, 2008 — a week before the bankruptcy of Lehman [...]
Tags: 2012, AIG, au, bank, bankruptcy, ben, business, businesses, China, citigroup, company, credit market, crisis, Debt, deficit, depression, economic, economic growth, economic recovery, economy, euro, Europe, fed, financial, financial crisis, glo, global credit, global economic, government, great depression, great recession, Invest, investment, investor, investors, job, money, rate, recession, sales, stock, stock market, stocks, united states, us, wall street
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Tags: au, bank, bank of america, banking, banking group, banks, barack obama, ben, borrow, borrowers, borrowing, borrowing costs, business, buyers, California, company, credit market, dealers, Debt, dollar, economist, euro, Europe, fannie Mae, fed, Federal Reserve, finance, financial, financial industry, foreclosure, freddie Mac, general electric, government, home prices, homeowners, housing, housing market, increase, inflation, inventory, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage market, mortgage rates, mortgages, new york, obama, owners, president, rate, rate mortgages, sales, the dollar, unemployment, us, USA
How Medicare Sets Hospital Prices: A Primer
November 29th, 2010 by Financial Writer
The Medicare formula for payments to hospitals would be improved if it were based on value delivered rather than costs, an economist writes.
Will Ireland Default? Ask Belgium
Reckless cross-border lending by big banks has made many nations vulnerable to Ireland’s fiscal crisis, an economist writes — and none more so than Belgium.
The Other Taxes: Who [...]
Tags: au, bank, banks, big banks, budget deficit, China, crisis, deficit, economist, euro, Europe, fed, federal deficit, fiscal crisis, government, health care, increase, india, lending, sales, spending, united states, us
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 [...]
Tags: au, bank, bank of china, bankers, banking, banking system, brazil, Canada, central bank, China, Chinese, deficit, dollar, economic, economic recovery, economy, economy grew, euro, Europe, exports, financial, g20, glo, global economic, Global Economy, government, india, monetary, policymakers, rate, recession, recessions, the dollar, united states, us, white house
Fed, ECB throwing world into ‘chaos’: Stiglitz
November 13th, 2010 by Financial Writer
Ultra-loose monetary policies by the U.S. Federal Reserve and the European Central Bank are throwing the world into “chaos” rather than helping the global economic recovery, Nobel Prize winning economist Joseph Stiglitz said on Tuesday.
A “flood of liquidity” from the Fed and the ECB is bringing instability to global foreign exchange markets, Mr. Stiglitz told [...]
Tags: au, bank, central bank, economic, economic recovery, economist, economy, euro, Europe, european central bank, fed, Federal Reserve, glo, global economic, monetary, thomson reuters, us
European Stocks Fall on Budget Deficit; Nokia Drops, RBS Gains
April 24th, 2010 by Financial Writer
April 24 (Bloomberg) — European stocks fell for a second week as the euro area’s budget deficit widened to more than double the European Union’s 3 percent limit in 2009, led by Greece and Ireland, offsetting better-than-expected results from companies including Ericsson AB and Volvo AB.
Greek banks sank as Moody’s Investors Service cut Greece’s sovereign [...]
Tags: dow jones, euro, european economy, european markets, european stocks, european union, financial, financial markets, Global Economy, IMF, investors