Economic Recovery, of Sorts
Monday, 03 August 2009 | 5:41 am
See my earlier article A Return to Boom and Bust, where I argue that product and asset markets will be driven by liquidity and leverage and monetary policy in the short to medium term due to the extraordinary circumstances we find ourselves in in the aftermath of the bursting of the great credit bubble. Monetary policy
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A Return To Boom and Bust
Friday, 24 July 2009 | 9:35 am
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
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Great Leaders
Wednesday, 22 July 2009 | 6:58 am
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
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Inflation Deflation Trades
Friday, 17 July 2009 | 8:32 am
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.
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Japanese Beer Wars
Thursday, 16 July 2009 | 8:05 am
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
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