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.
The boom in “low-volatility” stocks may be coming to an end.
Not since the trial of O.J. Simpson has America had a news story that transfixed people more and affected financial markets less.
Monetary policy in developed markets like Japan and Europe is failing, and faltering in the US, in substantial part because globalization has altered how investment is made and where.