James Saft, Reuters Columnist
James Saft's columns feature twice weekly in the International Herald Tribune and widely elsewhere. Before beginning his column, he directed all global coverage of economics and financial markets for five years at Reuters. His column won a Best in Business award in 2008 from the Society of American Business Editors and Writers. Before that he was global investment editor and chief correspondent, London capital markets. He has covered mortgage banking for American Banker before the term "subprime" was coined and syndicated lending for Reuters LPC in both London and New York.
A mutual fund which keeps portfolio turnover low may be simply a mutual fund which keeps missing opportunities.
Americans did not elect a fiscally moderate candidate; America elected Donald Trump with his combination of tax cuts, infrastructure spending and attacks on trade deals.
For Janet Yellen to actually give her “high-pressure economy” experiment a shot probably requires a Hillary Clinton victory but not a Democratic sweep.