This Recovery Really Is Different
Credit bubbles are very different from ordinary recession recoveries. Bank crises and the long, slow, painful recoveries are simply not comparable to other business cycles.
Dodd and Frank on Dodd-Frank
“We did very difficult, politically hard things” in the Dodd-Frank Act, former Massachusetts Congressman Barney Frank said July 21 as the law that bears his name celebrated its fifth anniversary. “My head hurt.”
Research Affiliates Screens for Smart vs. Dumb Dividends
The investment firm says its dividend strategy adds 2% per year by picking "cherries" and screening out "lemons."
60% of Financial Sector Has Government Backing: Richmond Fed
The Federal Reserve Bank of Richmond’s “bailout barometer” says the government's safety net reaches $26 trillion — far beyond U.S. GDP.
Bill Gross: Still the Bond King—The 2015 IA 35 for 35
In spite of a tumultuous few months, the eccentric bond fund manager is still making waves.
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement With US
Other firms have agreed to spend more than $35 billion over issues tied to the ’08 financial crisis.
Housing Market May Never Recover
Despite government aid, rock-bottom interest rates and enthusiastic overseas buyers, housing may never spring back to its pre-recession levels.
BlackRock’s Rieder Fund Snags PIMCO Assets
Rieder, who runs the $4.1 billion fund, has delivered 7% over the past year, making it the top bond fund.
Lobbyists Gear Up to Prod New Congress on User Fees, Retirement, Cybersecurity
The IAA, for one, sees an opportunity to gain Republican support for an SEC user-fees bill.
New Hire Roundup: Marc Seidner Joins PIMCO as Managing Director
Also, BlackRock has named Chip Castille chief retirement strategist, a new position.