Monthly Archives: March 2014

russian troops crimea

Russia: The cost of conquest…..

President Obama talks “red lines” and “costs”. One suspects Russia’s oligarchs are wanting to talk wealth obliteration with Vlad the Invader.

March 14th, 2014 by

Financials

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contagion

UK food retail crisis but Ocado immune?

Crisis too strong a word? Possibly, but a world of income inequality(yes the 99% must eat), internet price transparency and the sunk costs of legacy stores does pose some serious structural questions.

March 14th, 2014 by

Style & Sector Trends

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china smog

China feels a bit sick….

Yes, Ukraine is a big geopolitical story but the bigger market risk is China. Business Insider highlights big economic data misses from the Middle Kingdom but our concern remains the financial system…

March 14th, 2014 by

Editorial

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risk napalm

Risk: History repeating froth or rhyming rather closely?

Oh dear, the headlines from Ukraine and China are worrying enough but one suspects central banks will keep the methadone going for a while longer. Unfortunately, this does encourage further risky behaviour.

March 14th, 2014 by

Editorial

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china wall

A little China debt reminder….

Hearing a few corporate bond issues being pulled in China. No doubt related to a default today in a relatively small Chaori Solar bond. Our bigger worry is the wave of maturing trust/debt products due in the summer.

March 7th, 2014 by

Debt

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pigs wall

Another retail brick hits the wall….

Oh dear… we’ve seen video stores, music stores, department stores and travel agents bite the dust in the face of the digital revolution. But still there remains hold-outs in the bricks and mortar desperation saloon.

March 7th, 2014 by

Style & Sector Trends

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shiny

UK Dividend Stocks: Reckitt Benckiser losing its shine….?

The home products giant Reckitt Benckiser has not been a great performer over the past year but a quick glance at an ActivateAlpha graphic revealed a more worrying pattern.

March 7th, 2014 by

Quality Franchises

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crowds

Market bounce back from Ukraine is the new paradigm?

The S&P hitting new highs in the week Russia annexes Crimea does astonish this writer. Josh Brown at the Reformed Broker has had a viral hit on his post “The Relentless Bid, Explained” and it is a must read.

March 7th, 2014 by

Editorial

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