The so-called Fed model says stocks are cheap. Logic says otherwise
Fed model IS IT TRUE THAT stocks are cheap “when compared with bonds”? That’s the line on Wall Street. If you haven’t heard it from your broker yet, you will. Indeed, in a recent report, some investment strategists from big brokerages, in their enthusiasm for stocks, argued that they were More...
A Blooming Business
Even with dutiful children everywhere ponying up for that annual Mother’s Day bouquet, the $60 billion flower and plant industry is looking a little wilted, More...
JPMorgan Chase says it lost $2B in trading portfolio
JPMorgan Chase, the largest bank in the U.S., said Thursday that it lost $2 billion in a trading portfolio designed to hedge against risks the company takes More...
Canada Housing Bubble Concern Shown in Insurer Query: Mortgages
Anyone trying to understand the concern over a potential housing bubble in Canada need look no further than the debate among government officials over whether More...
Aviva Chief Executive Officer Andrew Moss to Leave
Aviva Plc (AV/), the U.K.’s second-biggest insurer, said Andrew Moss quit as chief executive officer after presiding over an almost 60 percent fall in the More...
UBS Bets on Toxic Debt Demand After Fed’s Record Sale: Mortgages
UBS AG (UBSN), which had more than $57 billion of losses and writedowns after the U.S. real-estate crash, is betting there’s enough demand for toxic commercial More...
Buffett Targets Asia for Reinsurance, Ice Cream Expansion
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. (BRK/A), said he’s pursuing more opportunities in Asia after boosting reinsurance sales More...