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TIPS, whose principal is adjusted to keep pace with inflation, are currently offering negative yields on maturities up to ten years. For protection against inflation, "we'd rather be in commodities and other real assets," says John Workman, chief investment strategist at Convergent Wealth Advisors.
Date: May 22, 2013
Category: Business
Source: Google
Omnicare Shares Tumble on CEO's Unexpected Resignation
The Covington, Ky.-based provider of long-term and specialty-care services said its chief financial officer, John Workman, will serve as interim CEO, effective immediately, as the board searches for a permanent replacement. He will simultaneously act as CFO.