Richard Bernstein
Richard Bernstein
Richard Bernsteinis an American journalist, columnist, and author. He writes the Letter from America column for The International Herald Tribune. He was a book critic at The New York Times and a foreign correspondent for both Time magazine and The New York Times in Europe and Asia...
ProfessionJournalist
Date of Birth5 May 1944
admittedly although attempted believe boost continue cuts demand huge japanese makers measures monetary policy seem stimulate talk tax timing
Policy makers seem to continue to believe that they can boost demand enough to alleviate the oversupply situation. They now talk of extraordinary monetary measures and huge tax cuts to stimulate demand, ... Although their timing was admittedly very poor, Japanese policy makers attempted the same thing.
against believe doubtful fed indeed remain vigilant
We remain doubtful that the Fed is indeed 'done,' which has become the overwhelming consensus. We believe they will be more vigilant against inflation.
hurt last market rally relief seeing today
What we're seeing today is a relief rally from last week, ... There is really nothing to hurt the market today. All the techs are rebounding well.
answer deflation managers portfolio potential question regarding saying
Portfolio managers should answer the question regarding the potential for deflation by saying that we are already deflating.
companies growth lower pro quality rates using
Lower quality companies are dramatically overstating their growth rates by using pro forma earnings.
cannot causing deal gas hit increase increases lose percent prices students
Our students just got hit with an 18.5 percent increase in tuition, and now gas prices are causing a crisis. We are going to lose students on the edge. They cannot deal with all these increases all at once.
amazed truly
We are truly amazed by this incremental bullishness.
commented equity improving line market stepped thin
We have commented that there is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble. The equity market may have stepped over that line.
improving line market thin
There is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble,
earnings poorest quality
The quality of earnings is the poorest in my career.
across broad companies despite few general insider investors last months perception range ratings record selling stocks street wall within
There has been record insider selling within the last 10 months across a broad range of homebuilding companies despite very few sell ratings by Wall Street analysts and the general perception by investors that the stocks are undervalued.
across contrary entire nearly pace record strong
We think there is a strong contrary message, ... at a record pace across nearly the entire industry.
connected greatest
Two of Michigan's greatest institutions can be connected by rail.
rate slow slower
At the rate it's going right now, profitability will accelerate, but at a very, very slow pace, ... much slower than what's implied by valuation in the market.