As more than 15% of the global government debt market enters negative yield territory we are truly living in extraordinary times. The corollary of those conditions is that the market is in effect pricing in no inflation. Oh really?
February 26th, 2015 by Gary
Whoosh, the euro is rapidly heading towards 1.10 against the USD. But where could it ultimately go? Here’s a few charts….
January 23rd, 2015 by Gary
This writer was listening to a former EU commissioner speak in recent days and it wasn’t Germany’s rapidly deteriorating growth which bothered him. He readily acknowledged structural reform issues but his big worry was nationalism wrapped in populist politics…
October 14th, 2014 by Gary
The banking world throws up such huge numbers it is dangerously easy to lose track of real world context. The latest numbers from the Chinese themselves indicates its non-banking credit system is $4.4 trillion.
May 13th, 2014 by Gary
The pharma M&A frenzy continues. Germany’s Bayer, of Aspirin fame, is buying Merck’s over-the-counter(OTC) biz for $14.2 billion. Despite suncream in the acquired portfolio will Bayer shareholders get burnt?
May 6th, 2014 by Gary
Politicians love delaying thorny issues just long enough for their own pensions to be collected. But how long before Greece is on everybody’s lips again?
December 10th, 2013 by Gary