Deals
Tisch Sounds Alarm on Stocks, Debt as Complacency Reigns Supreme
- Loans probably available for ‘fleet of zeppelins,’ he says
- Loews CEO explains why he scaled back share repurchase in 2016
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Jim Tisch, the chief executive officer of Loews Corp., warned that investors who bid up the prices of stocks and bonds aren’t accounting for the risks, given global uncertainties about taxes, regulation and trade.
“The movement of these markets is in stark contrast with many unknowns of our current economic and political landscape, both here and abroad,” he said in a conference call Monday discussing the company’s results. “It’s a major disconnect, and it concerns me.”