Word: bernstein
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Richard Bernstein: We've really stuck our necks out on this one and said that 2009 is going to be better than...
...Bernstein: Seriously, we think there's a metamorphosis under way and the credit mania stories that we saw in the last three, four, five, six years are unlikely to come back. We think overall we're going to be moving away from these credit-driven stories and much more towards self-financing stories...
Stocks are down, Treasuries are up, and the economy is in a funk. To get a fix on what's ahead, TIME talked to two top strategists at Merrill Lynch: Richard Bernstein, who plots U.S. investment strategy, and Michael Hartnett on international. Both spoke with TIME contributing editor John Curran...
...Bernstein: Well, that could be anything from very high quality bonds as opposed to, kind of, the junk that has been sold over the last several years and performed well. It could be the stocks of high quality companies as opposed to the riskier stuff. Our focus is on sustainable and demonstrable growth...
...Bernstein: Our U.S. economist, Dave Rosenberg, is not the most bullish economist you'll meet - he's still thinking the GDP's going to continue to decelerate pretty much through 2009 followed, maybe, by slightly better growth in 2010. When the recovery does come it will be somewhat anemic relative to past recoveries. So, he's still looking for what people call a saucer-shaped recovery as opposed to the V-shaped recovery that a lot of people like to talk about...