The difficulty of institutions that need cash for payment have grown acute during the chalk-brained professors’ zero-interest-rate pogrom. Insurance companies are one victim, pension plans another. Looking specifically at defined-benefit pension plans, the plan sponsor (corporation, maybe, or municipality) is obligated to pay current and future retirees a specific dollar amount from now until a spouses’ death.
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Wall Street Shrugs as JPMorgan Trades Lop Off $27 Billion – Bloomberg
by Newswires • • 0 Comments
msnbc.comWall Street Shrugs as JPMorgan Trades Lop Off $27 BillionBloombergJPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon plans to testify before Congress this week about his firm's $2 billion trading loss. His Wall Street colle…
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Oil under $116; set for steep weekly fall – Reuters
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DAWN.comOil under $116; set for steep weekly fallReuters* Eyes on today's US non-farm payrolls * Reuters survey suggests employers added 170000 jobs * World powers urge Iran to give more nuclear access * OPEC pumping 2.3 mln bpd above its target -B…
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Byron Wien’s Surprises of 2012
by Bears Chat at The Wall Street Examiner • • 0 Comments
Byron Wien, vice chairman of Blackstone Advisory Partners, today published his list of surprises for 2012 — following a 25-year tradition he began while still chief U.S. investment strategist at Morgan Stanley.
Byron defines a “Surprise” as an ev…
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Kass: 15 Surprises For 2011
by a Wall Street Examiner • • 0 Comments
Eight years ago, I set out and prepared a list of possible surprises for the coming year, taking a page out of the estimable Byron Wien’s playbook, who originally delivered his list while chief investment strategist at Morgan Stanley, then Pequot Ca…
