Writing “A Hard Rain (is gonna fall)” Bob Dylan said that the ideas came flooding in – there was no time to think each one through – each line could have been a title of a whole new song. Trying to finalize … Continue reading →

So much to do – so little time! Russia – the reader will be glad to know – is still here. Although Mr. Khodorkovsky appears set to remain a guest of the Russian state for as long as it takes for his defence … Continue reading →

Murphy ’s Law states that the Universe sides with the hidden fault. Things fall apart, the centre will not hold (but these days, ‘the periphery’ has it even worse!). No sooner had we hit the ‘send’ button on our last, … Continue reading →

The recently announced QE2 should be considered the only game in town. We briefly discuss the effects upon global markets, and why we have shifted to a risk-on stance. Beyond our usual fixed income and currency recommendations – which have … Continue reading →