China’s Property Market: The Risks for Banks

By Hayden Briscoe (pictured) and Hua Cheng of AllianceBernstein (NYSE:AB) Despite worries about a collapse in China’s property market, we think the financial system will navigate the coming credit cycle if banks can buy time to resolve loan problems—and receive government support if needed.

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China’s Property Market: Policy Is the Real Risk

By Hayden Briscoe (pictured) and Jenny Zeng of AllianceBernstein (NYSE:AB) Concerns about a possible collapse in China’s property market continue to grow. However, our research suggests that fundamentals are more robust than many think. The biggest danger lies in the potential for policy mistakes.

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What Your Parents Didn’t Tell You About Saving for Retirement

Chances are, your parents have told you to max out your 401(k) plan. That’s good advice, but the hard truth is that your 401(k) plan is highly likely to fall short. To live comfortably in retirement, our research shows, you will almost surely need more.

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US Economy Rebounds—with More Upside Likely

This week’s US gross domestic product (GDP) data paints a bright picture for the second quarter and a less gloomy first-quarter decline than first published. As impressive as the rebound looks on the surface, we think it’s still understated.

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US Productivity Puzzle Could Lead to Upside Surprise

A first-quarter productivity slump fueled concerns about the US economy, but second-quarter labor and company earnings data indicate better productivity and underlying growth. In short, the data point to a US economic cycle that’s broader and stronger than it appears on the surface.

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Is Dollar-Cost Averaging the Cure for Market Jitters?

The US stock market is at record highs, and warnings of a downturn are loud and shrill on every side. Even if you’re convinced you should own more stock, you may find it difficult to buy now. What if you invest your money and the market suddenly drops?

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Laddering Municipal Bonds Isn’t the Solution to Rising Rates

We think investors who build laddered portfolios to protect against rising rates will be disappointed—by locking in low yields with traditional ladders or by hidden risks of higher-yielding ladders. In our view, actively managed portfolios are better able to take advantage of changing markets.

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Are US Stocks Heading for a Fall?

It’s a truism that what goes up, must come down—but when, and by how much? That matters, especially if you’re talking about the US stock market.

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Bank Regulation: A New Opportunity in Credit?

Posted by Jorgen Kjaersgaard (pictured) and Steve Hussey of AllianceBernstein (NYSE: AB) European banks are issuing new subordinated bonds that can be written off in a crisis. For investors who are willing to take the risk, our analysis suggests these bonds may provide a way to beat the low returns in today’s corporate bond market.

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Could Reforms Lead to Asia Rerating?

Asia’s three biggest economies—China, India and Japan—are carrying out reform programs. Taken individually, these may do little to excite investors’ imaginations, but taken together, they become much more interesting.

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