Tag: capital-spending

Pzena Investment Management 1Q16 Commentary

Pzena Investment Management 1Q16 Commentary

Pzena Investment Management commentary for the first quarter ended March 31, 2016. H/T Dataroma Pzena Investment Management is well advanced in a classic value cycle defined by oversupply in energy, commodities and capital equipment. Prevailing valuations provide a good environment […]

Economic Data Is Less Reliable Than Ever: UBS

Economic Data Is Less Reliable Than Ever: UBS

Economists and statisticians have long understood that economic data is only of limited reliability. The average man on the street, on the other hand, almost always assumes the unemployment or economic growth figures provided by the government and the financial […]