Clik here to view.
The ECB’s bazooka has hit the target
The ECB finally realised it had no choice and fired its bazooka in December. The impact has been huge. Two year Italian government bond yields have more than halved from the high of 7.5% seen at the...
View ArticleGreece. Private sector involvement indeed.
The news of the Greek default hardly came as a massive surprise, having been years in the making (see Stefan’s blog from 2010) but we have certainly learned a few things, such as the privileged...
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Central Bank Regime Change: who cares about 2% inflation targets anymore? A...
For those clients who received our Panoramic fixed interest newsletter in December (the latest edition is out now by the way, with a detailed analysis of the global high yield market), you will have...
View ArticleCompetition: win David Graeber’s “Debt: the First 5000 Years”
I’ve not read David Graeber’s “Debt: the First 5000 Years” yet – an anthropological investigation into the origins of money and debt – but have had it highly recommended to me and the reviews on Amazon...
View ArticleCompetition: the 10 winners of the book are…
First the the answer. Denmark cut official interest rates on its certificates of deposit to MINUS 0.2%. We now have negative nominal interest rates on short dated government bills or bonds in several...
View ArticleEmerging market debt is ‘cool’– but you may be surprised what you find if you...
EM debt is a bit like Converse shoes; it seems almost everyone I speak to owns some. Readers will no doubt be familiar with the EM ‘grand narrative’ (eg EM will surely outperform because of low debt...
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Happy Halloween. Five scary charts. Boo!
In the true spirit of October 31, today we thought we would try our best to try and scare you. Five charts, each more scary than the last. 1. Capital fright Uncertainty in Europe is having a...
View Article6 degrees of Kevin Bacon, 5 ways to catch a subscriber – consolidation in cable
I’d been feeling pretty pleased with myself since last Saturday – I managed to get Sky TV, broadband and a landline installed in my flat. That was until earlier today, when after discussing some of the...
View ArticleClik here to view.
Irish eyes are crying when they look at the economy
With St. Patrick’s Day around the corner, we thought there would be no better time to do an economic update on Ireland. In November 2010, Ireland found itself bankrupt. Dublin’s promise to keep bank...
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Beware the demise of the Hungarian forint
Guest contributor – Tolani Benson (Financials/Sovereign analyst, M&G Credit Analysis team) Hungary has a substantial amount of debt outstanding – the IMF estimates levels were around €75bn at the...
View ArticleClik here to view.
It’s Halloween so time for some spooky, if not downright scary charts
Some people will watch a scary movie on October 31st. Others like to go to costume parties and dress up. For us, there is no better way to scare ourselves silly than by reading a few IMF reports. So in...
View ArticleClik here to view.
Central Bank Regime Change: who cares about 2% inflation targets anymore? A...
For those clients who received our Panoramic fixed interest newsletter in December (the latest edition is out now by the way, with a detailed analysis of the global high yield market), you will have...
View ArticleCompetition: win David Graeber’s “Debt: the First 5000 Years”
I’ve not read David Graeber’s “Debt: the First 5000 Years” yet – an anthropological investigation into the origins of money and debt – but have had it highly recommended to me and the reviews on Amazon...
View ArticleCompetition: the 10 winners of the book are…
First the the answer. Denmark cut official interest rates on its certificates of deposit to MINUS 0.2%. We now have negative nominal interest rates on short dated government bills or bonds in several...
View ArticleEmerging market debt is ‘cool’– but you may be surprised what you find if you...
EM debt is a bit like Converse shoes; it seems almost everyone I speak to owns some. Readers will no doubt be familiar with the EM ‘grand narrative’ (eg EM will surely outperform because of low debt...
View ArticleClik here to view.
Happy Halloween. Five scary charts. Boo!
In the true spirit of October 31, today we thought we would try our best to try and scare you. Five charts, each more scary than the last. 1. Capital fright Uncertainty in Europe is having a...
View Article6 degrees of Kevin Bacon, 5 ways to catch a subscriber – consolidation in cable
I’d been feeling pretty pleased with myself since last Saturday – I managed to get Sky TV, broadband and a landline installed in my flat. That was until earlier today, when after discussing some of the...
View ArticleClik here to view.
Irish eyes are crying when they look at the economy
With St. Patrick’s Day around the corner, we thought there would be no better time to do an economic update on Ireland. In November 2010, Ireland found itself bankrupt. Dublin’s promise to keep bank...
View ArticleClik here to view.
Beware the demise of the Hungarian forint
Guest contributor – Tolani Benson (Financials/Sovereign analyst, M&G Credit Analysis team) Hungary has a substantial amount of debt outstanding – the IMF estimates levels were around €75bn at the...
View ArticleClik here to view.
It’s Halloween so time for some spooky, if not downright scary charts
Some people will watch a scary movie on October 31st. Others like to go to costume parties and dress up. For us, there is no better way to scare ourselves silly than by reading a few IMF reports. So in...
View Article
