Does the printing of money by central banks inevitably lead to inflation?   Is there good inflation and bad inflation?   Quantitative easing is now underway in most developed countries in some form or other, most notably in the US, UK and Europe. It hopes to make up for the decline in transactions for a

The mark of a great leader is that he or she leaves a company, country or other organization strong enough to stand on its own without their continuing influence or indeed choice of successor. Redundancy is the ultimate test. Some potentially great leaders do in fact succeed in this respect, yet fail to recognize their

Inflation/deflation doesn’t turn on a dime. Inflation/deflation expectations turn on a dime.   Time to put on curve flatteners in US 2s and 10s, and 2s and 5s.

In a market known for measured and deliberate and more often than not friendly M&A, the merger between Kirin and Suntory is an interesting transaction. The Kirin Suntory deal is by no means hostile but it is a merger of rivals. The merger if consummated will create the fifth largest food and beverage company in

The fundamental picture: The second quarter of 2009 witnessed a continuation of the rally in all risky assets from equities to credit to commodities and energy to illiquid Asian physical real estate. On the back of this reversal of the acute risk aversion that plagued the fourth quarter of 2008 and the first quarter of