Historical data show that stocks tend to post strong performances during periods of rising interest rates but only below-average results when inflation is rising or above average. This counterintuitive dynamic was explained by Warren Buffett in 1977 in “Why Inflation Swindles the Equity Investor,” which he wrote as the US was experiencing some of the worst price increases in its ...

During the dot-com-crazed 1990s, Cisco Systems Inc. became the world’s most valuable company. Widely expected to become the first company to hit a trillion-dollar capitalization, it made it barely halfway there. When the technology sector peaked in March 2000, Cisco had a market capitalisation near $550 billion. From that peak, the entire technology sector imploded. Cisco fared even worse than ...

Bloomberg The Bank of Japan has the tools to eventually exit its record monetary easing without disrupting markets, according to Masayoshi Amamiya, a nominee for one of the two deputy governor positions at the central bank. The BOJ can adjust bond yields in a stable manner when the time comes for it to start normalizing its policy, Amamiya said at ...