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 ‘glo’
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...Kotlikoff: How to Fix the Mortgage Mess
January 17th, 2011 by Financial Writer
Fannie Mae and Freddie Mac. What cute-sounding names. They suggest adorable siblings, not twin financial disasters that may cost $1 trillion when we get the final bill.
According to Edward Pinto, Fannie Mae’s former chief credit officer, in 2008 the two government-supported mortgage finance companies, along with the Federal Housing Administration [...]
Tags: au, bank, banks, borrow, borrowers, borrowing, business, buyers, Debt, economic, economics, fannie Mae, fed, finance, financial, freddie Mac, glo, Global Financial, government, home prices, housing, interest rate, Invest, investment, investor, investors, lender, lenders, loan, loans, money, mortgage, mortgage applications, mortgage finance, mortgage market, mortgages, oil, president, rate, stock, subprime mortgages, taxpayers, ubs, us, wall street
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
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
China Rate Speculation Splits Analysts, Former PBOC Official
December 11th, 2010 by Financial Writer
China can’t raise interest rates because of the risk of attracting inflows of cash that would fuel inflation, said Wu Xiaoling, a former deputy governor of the central bank.
“The global low interest-rate environment prevents China’s central bank from raising interest rates,” Wu said in a speech at a hedge fund [...]
Tags: au, bank, banking, banking group, central bank, China, consumer, economic, economist, economists, financial, glo, increase, inflation, interest rate, interest rates, lender, lenders, lending, money, money supply, rate, ubs, us
Government plans three new measures to bolster economy
December 6th, 2010 by Financial Writer
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy”>
Christopher Furlong/Getty Images
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy
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Paul Vieira, Financial Post · Thursday, Sept. 16, 2010
The federal Conservative government plans to introduce three new measures in the coming weeks aimed [...]
Tags: 2012, au, bank, barack obama, ben, benefits, business, Canada, consumer, Debt, economic, economic growth, economic recovery, economist, economists, economy, fed, federal government, financial, glo, global economic, government, government spend, housing, interest rate, job, jobs, monetary, money, obama, president, prime minister, rate, recession, spending, unemployment, us, visa
Steve Case looks back at AOL
December 4th, 2010 by Financial Writer
AOL co-founder Steve Case — a serial tech entrepreneur who is still actively launching new ventures — took the stage at Business Insider’s Ignition conference Friday to discuss Web upstarts and reflect on his own battered legacy.
Business Insider editor-in-chief Henry Blodget, who moderated the discussion with Case, asked him what it feels like to look [...]
Tags: au, business, CEO, company, glo, government, Invest, investment, money, rate, us
FBI hits 3 firms with warrants
November 22nd, 2010 by Financial Writer
Federal agents raided the offices of three investment firms, officials said Monday, with the raids coming amid widespread speculation of hedge-fund insider trading allegations.
The names of the companies were not made public, but a law enforcement official with knowledge of the investigation said the addresses of the raids matched the addresses of Diamondback Capital Management [...]
Tags: au, fed, glo, global investors, Invest, investment, investor, investors, new york, wall street
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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