Matthew Russell

 



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1
The Hangover
It feels a little like the first half of 2008 again to me. People are asking who has it right? The bond market or the equity market? Government bond yields in theUK, US and Germany are the lowest they’ve been in recent history. Yields this low, the ... 		03-Sep-2010
2
Eurozone Edging Ever Closer to Political Union
The ECB recently published a paper on its website detailing its preliminary proposals to reinforce economic governance in the euro area. The paper was split into three main sections. (1) Strengthening surveillance and greater prevention/correctio... 		28-Jun-2010
3
Free lecture series at the London School of Economics
Being the intellectuals that you are, we thought you might find some of the upcoming events being held at the London School of Economics (LSE) of interest. On the 30th of June they have Andrew Ross Sorkin discussing the development of the financial crisis ... 		18-Jun-2010
4
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
5
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
6
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
7
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
8
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
9
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
10
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