Japan Exits Recession: But where to?
Tuesday, 18 August 2009 | 1:03 pm
Japan’s quarter on quarter GDP growth recorded a 0.90% increase versus consensus estimates of 1.0% and a prior quarter’s alarming 3.8% decline. There are several ways to read this. One is that growth was positive on a quarterly basis and we should all be thankful for it, let’s all go and buy equities. The other
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Stock Market Dispersions: European Example
Monday, 17 August 2009 | 12:47 pm
Here is an analysis of the dispersion of returns in the various sectors of the European equity markets as defined by the Stoxx sub sector indices. Dispersion here has been defined as the standard deviation of returns across the constituent stocks in a Stoxx sector index. I looked at 2 year daily data as well
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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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