Tomorrow’s weekly update on jobless claims is expected to report a modest decline from the previous estimate, according to The Capital Spectator’s average econometric forecast. New claims are projected to slip 5,000 to a seasonally adjusted 367,000 for the week through January 5. That’s roughly in line with consensus forecasts via surveys of economists.
Daily Archives: January 9, 2013
Mediocrity Strikes Again
It’s true for stocks, it’s true for bonds—yes, it’s even true for hedge funds. As The Economist reminds, delivering market-beating performance over time relative to a conventional asset mix is tough, and the financial wizards in the land of hedge funds aren’t immune. “A simple-minded investment portfolio—60% of it in shares and the rest in sovereign bonds—has delivered returns of more than 90% over the past decade, compared with a meagre 17% after fees for hedge funds,” the magazine reports. Sound familiar?