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Mincing no words, Vanguard chief economist slams Fed for failure to make hard data the basis of massive rate cut

Roger Aliaga-Diaz says that such a 'rare measure' by Fed Chairman Jerome Powell was likely used 'prematurely' and could send just the 'wrong signal'

Admin:
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Roger Aliaga-Diaz: The high uncertainty around the potential implications of the coronavirus warrant further assessment before taking action of such magnitude.

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November 3, 2022 at 1:59 AM

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs

Vanguard, BlackRock and Avantis rattle a complacent Dimensional Fund Advisors with fee cuts and ETF roll outs based on 'smart beta.'

August 9, 2022 at 1:57 AM

Vanguard Group shows up as 'alpha' disciple with two new fixed-income fund launches as it surpasses PIMCO's $2 trillion with ex-Goldman Sachs partner now calling the shots

The $8 trillion Malvern, Pa. manager owns beta investing, but RIAs are demanding higher income -- hence market timing and cherry picking -- from their fixed-income allocation.

August 10, 2021 at 11:46 PM

Jason Wenk raises $50 million from Vanguard Group and others, and Altruist may soon overtake Pershing's No. 3 RIA custodian spot, the Altruist founder asserts

The Los Angeles founder's disruption blitz involves a mobile-first Robinhood feel and a plug-and-play outsourcing one-stop-shop -- a sweet combination, except that it may not lure many big RIAs, analysts say.

May 20, 2021 at 3:22 AM

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Matt Crow

Matt Crow

March 3, 2020 — 9:20 PM
It's hard to imagine a scenario in which we'll look back approvingly on today's Fed action. Much of the U.S. market was trading above the 200 day moving average ten days ago, such that all of this could be described as profit-taking. Now the 10 year is trading in basis points, which will encourage lots of refi-activity, which banks will staff up and feed on until the 10 goes back to 1.5%, loan issuance stops, NIMs get crushed, and bank earnings dissolve. Then what?

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