Yellen to the markets: Don’t say you weren’t warned
Midweek Breakfast with Benjamin: Yellen warned us. Plus: SEC probes Pimco ETF over asset pricing, America's 401(k)s are failing investors, and how Obama's attack on corporate inversions flunks basic math.
- The market gets a friendly heads-up from Janet Yellen as the Fed Chair warns rates could rise sooner rather than later. Hmmm, another twist on Fedspeak. Let’s see how the market reacts to the buzz. The relative nature of a ‘considerable time’
- The SEC is investigating the Pimco Total Return ETF (BOND) for possibly inflating asset prices. Were retail investors being misled? ‘Pimco has been cooperating with the SEC’
- Across the board, 401(k) plans fall miserably short in terms of investment choices. Investors have little chance of getting ahead with most plans. Finding a plan with 10 equity asset classes is near impossible
- Getting to the heart of the corporate inversion debate: Just lower corporate taxes and move on. Turning it into a political issue is another failed strategy that doesn’t help anyone except politicians riding a populist bandwagon. The U.S. has the highest corporate tax rates of any developed country
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