Lance on May 13 2008 | Filed under: Housing Market, Politics, Valuation, economy, monetary policy
From the New York Times:
Earlier this year, Mr. Bush derided a modest plan to provide $4 billion to states and localities to buy foreclosed properties, saying that buying up empty homes helps only “the lenders or the speculators.” Actually, it protects entire neighborhoods and local economies from the effects of foreclosures by preventing a greater [...]
Lance on Jan 23 2008 | Filed under: Domestic Equities, Economic Indicators, Economics, Federal Reserve, Global Equity, Government policy, Housing Market, International Equities, Latest data, Market Data, Risk, monetary policy
Like me, Barry Ritholtz sniffed a whiff of panic in the Fed’s actions yesterday. The question he asks is why they acted before their meeting. Here are his questions, all good. I have pretty much stolen the whole post. Hopefully Barry will not mind:
What does this mean for investors. Quite a number of things – [...]
Lance on Jan 22 2008 | Filed under: Economics, Federal Reserve
From The New York Times:
WASHINGTON (AP) — The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday.
Quicker and larger than expected. I am curious whether investors will, at the margin, consider this a move to celebrate [...]
Lance on Jan 17 2008 | Filed under: Asset Allocation, Domestic Equities, Economics, Federal Reserve, Government policy, Housing Market, Risk, monetary policy
Reader ChrisB asks in response to yesterdays link to Anna Schwartz’s comment on the Federal Reserve:
In retrospect, what should the fed have done differently?
Risk and Return is really about implications for investment policy, and thus identifying which factors have implications is key. Pumping for particular policy choices really isn’t our role. Still, in identifying what [...]
Lance on Jan 10 2008 | Filed under: Around the Web
Bloomberg had a headline a while back which screamed Cheapest Stocks in Two Decades Signal Bull Market. This is based on the so-called Fed Model.
I think this is a really flawed model.
The Big Picture explained why he agrees with me.
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