Why Isn't Jon Corzine In Custody?
[The title is a bit heavy-handed, if you ask me, but I didn't choose/ approve it.]
Bloomberg typically do a fine job of reporting financial news, but this editorial piece is absolutely embarassing:
Yes, Mr Smith, Goldman Sachs Is All About Making Money: View, Bloomberg, Mar. 14
ARTICLE OF THE DAY: The estimable Richard Bernstein argues in the FT that the 'risk-on' rally will not last. His secular theme for the 2010s is "risk-off" on the back of a continuing deflation of the credit bubble, which he believes has yet to reach emerging markets. I agree with him, except where he states that "U.S.-based assets (both stocks and bonds) continue as our favorites." As I argue in the latest issue of The Real Returns Report, investors shouldn't expect to earn more than 2% from U.S. stocks. However, the following statement is uncontroversial: [more]