OptiRisk, the optimisation and financial analytics provider, announced the publication of 'The Handbook of News Analytics in Finance', the first compilation of the research from leading industry experts on the impact of news in moving the financial markets. Andrew Lo's research is included.
The news of Osama bin Laden's death resulted in a boost for the financial markets. Andrew Lo offered one way to interpret this boost, and cautioned that "Financial markets will likely react positively to this news in the short run, but the repercussions may be more complex over time as we learn how bin Laden's death affects his organization and, consequently, the political economy of the Middle East."
...more than the last financial crisis. "The impact of the next crisis will be greater because the economy is in a much more fragile state," said Andrew Lo, professor of Finance at the MIT Sloan School of Management. "My worry about the next financial crisis is it will come from some corner..."
...years, calling for additional cuts across the board. "If they make serious cuts over time, that's actually going to be quite good for the economy," said Andrew Lo, professor of Finance at the MIT Sloan School of Management. "It's bitter medicine, but we've got to take it."
...since Dodd-Frank was enacted, the Obama administration has failed to nominate a director. It's reportedly considering accomplished academics—Andrew Lo at MIT and Bob Shiller at Yale are two under consideration—but for now the research office is being run by the Treasury Department's Office of...