Matthew Russell

 



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1
Bubbles down under
Having just returned from a couple of weeks in Australia for a friend's wedding (all the best to the happy couple) I thought it might be worthwhile writing a note on what looks to me to be a bubble in the Australian property market. On my first night out ... 		02-Mar-2010
2
An Alternative View on the World
Practically every newspaper article or research note I have read on the global economy over the past couple of years hasn’t failed to mention the huge pool of potential demand for goods and services that lies in the emerging middle classes of China ... 		02-Oct-2009
3
Mervyn loses his Talons
The Minutes from the Bank of England's Monetary Policy Committee meeting of two weeks ago were released earlier today. They show that the motion to increase the Quantitative Easing program by £50bn was carried with a vote of six to three. ... 		19-Aug-2009
4
QE or not QE? That is the question
Whether you want to call it quantitative easing, credit easing, printing money or “enhanced credit support” as Jean Claude Trichet prefers, the ECB yesterday took a step in that direction. At the post rate decision press conference, Trichet ... 		08-May-2009
5
ECB - let's get ready to rumble!
It’s all getting rather interesting at the ECB. Facing a rapidly deteriorating economy and the prospect of deflation, the governing council are at odds on the best way to deal with the crisis. Fighting out of the blue corner, the German duo of Axel ... 		16-Apr-2009
6
The Further Demise of ‘Supersub’ Bank Bonds
As our regular readers will know, we have been tracking Tier 1 (T1) capital’s fall from grace since last August. Unfortunately for these bank bond holders, the picture has not improved this week, with S&P and Fitch widening the notching between ... 		14-Jan-2009
7
Credit markets - cracks in the ice?
For all the talk of frozen credit markets, the figures showing new issuance may come as a bit of a surprise to some. November has been the most successful month for new non-financial deals this year (see graph on left). Companies have managed to issue new ... 		03-Dec-2008
8
Driven to Bankruptcy?
I’m sure it won’t have escaped most people’s attention that the big American car makers are suffering at the moment – sales by the big three, GM, Ford and Chrysler were down 23% last month. Both GM and Ford announced last week that ... 		21-Nov-2008
9
Lipstick Theory
The credit crunch and the prospect of a global economic slump isn’t bad news for all companies. In fact, there’s an argument that some companies, or at least some products, can thrive. While Leonard Lauder was chief executive of Estee ... 		25-Jul-2008
10
Bernanke's 2002 thoughts revisited
With food inflation hitting record highs, and oil at over $115 per barrel, it's difficult to see that policy makers might be more worried about deflation than inflation. In fact a bit more inflation in the global economy might be secretly felt to be a ... 		24-Apr-2008