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"Japanification"

Although deflationary winds are a risk in the developed world, they have yet to become embedded in expectations.

Scott A. Mather
PIMCO, Viewpoints, August 2012

War and Peace: a tale of two economies

Nominal and real return on assets classes for Japan and Switzerland over the past 100 years.

Ronald Weber
Investments Office

Financing the Global Transition

Interesting remarks on the current financial situation by the Governor of the Bank of Canada

21 June 2012
Mark Carney, Governor of the Bank of Canada

How heavenly is the German haven?

Angela Merkel stated last week: “Germany is strong. Germany is the economic engine and the anchor of stability in Europe. (...) But Germany’s strength is not infinite”. We could not agree more with the latter part.

Investment Strategy Group
Lombard Odier, June 21, 2012

Hugh Hendry 2012 Letter and Views

After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter.

Hugh Hendry
The Eclectica Fund, April 2012

La Grèce Contemporaine

Observations on Greece's Public finances from 1858. Some things never change!

Edmond About
Troisième Edition, Paris 1858

UK Public Debt as a percentage of GDP since 1692

HM Treasury; Gregory Clark (2008), www.ukpublicspending.co.uk; Office of National Statistics; McKinsey Global Institute

An American History Lesson for Europe

You can draw your own conclusions and parallels with Europe today, and the U.S. Federal Government bailout of the States in 1789, and its refusal to do so again in the 1840s !

Thomas Sargent
WSJ, February 3, 2012

The Long March of the Euro Communist Economies

"The media all over the world, but especially in France, are presenting the crisis as a financial one, as if the governments and the politicians have no responsibility. This crisis is in fact very typical of a communist system arriving at the end of its ability to borrow and make the productive system service the debt it has accumulated, simply because the productive sector is going bust."

Anatole Kaletsky, Charles Gave, Francois Chauchat
GaveKal Five Corners, Volume 12, Issue 24, Monday, December 12, 2011
Articles: 1-10 / 11
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