Sovereign Bonds
byToday’s obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has…
Economics
The Swiss Franc Will Collapse
byI have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it….
Asset managers or asset gatherers?
by“The Bank of England paid nearly £3m of taxpayers’ money for a report on whether any of its staff knew about or were involved…
Technical Update
byWracked by the actions of the various central banks – which gave us another key reminder that volatility does not equate to risk –…
Puppets pushing on a string
by“I don’t think there is a problem that this will fix. I think it will just continue to compress yields into negative territory. If…
A Slow Boat in China
byStill struggling to move from its ‘Three Overlay’ period – essentially the indigestion added by the post-GFC ‘stimulus’ burst to the already unbalanced economic…
On Money And Society: An Exclusive Interview With Steve Baker MP
byA former RAF aviation engineer and software engineer in the financial sector, Steve Baker has been the Conservative MP for Wycombe, Buckinghamshire since 2010….
Swiss National Bank abandons franc’s cap against the euro
byOn January 15th 2015 the Swiss National Bank (SNB) has announced an end to its three year old cap of 1.20 franc per euro….
Should a Bank in Difficulties Receive Assistance?
byThis was the question put to me by Treasury Committee Chairman Andrew Tyrie MP when I appeared before the Committee on January 6th to…
Greece, Germany and the ECB: and what it means for Bonds, Stocks and the Euro
byGreece is back in the spotlight amid renewed fears of a break-up of the Euro as the Syriza party show a 3.1% lead over…