Agnes T. Crane
Agnes T. Crane is a Reuters Breakingviews columnist, based in New York, where she covers capital markets and Latin America. She joined from Dow Jones Newswires, where she was an award-winning journalist who led a team of reporters covering the credit crisis. Before that she worked at Market News International in New York and as a freelancer contributing to The Deal, Advertising Age and other publications during her four year stint in Mexico. Agnes holds a BA from Temple University in Philadelphia where she studied History. Follow Agnes on Twitter @agnestcrane
- Tel: +1 646 223 6273
- E-mail: email@example.com
President Dilma Rousseff uses the oil giant for many nationalistic purposes, though strengthening domestic capital markets isn’t apparently one. Issuing a slice of this week’s $11 bln bond offering in reais, though costly, would at least have been a better sort of meddling.
Standard & Poor’s has taken Berkshire Hathaway down a notch to AA. But the downgrade is due to changes in the rater’s methodology rather than Buffett’s firm doing something to make a default more likely. Some tweaks are fine. But S&P could end up making ratings more of a muddle.
It’s one of the few assets that look undervalued as stock and bond prices go through the roof. That’s ironic, considering the Fed’s bond-buying policy was designed in part to prop up housing. But tight lending standards make it hard to take advantage of the opportunity.
- Fannie's $59 bln payment is terrible good news
- Freddie Mac's $72 bln bailout could look worth it
- BofA's MBIA settlement more than pays for itself
- Deals and buybacks portend cheerier Buffett powwow
- U.S. debt bosses don't need no stinkin' Libor
- Apple debt shows revival of yield desperation
- Apple iOUs may need to be as desirable as iPhones