Articles

The articles below are there to give you a better understanding of what we do and how we do it.

Latest:
Published 24th November 2011:
In search of an economic Merkel
Published 29th September 2011:
Stick or twist?
Published 28th July 2011:
To Hellas in a handcart
Published 26th May 2011:
You've got to be kidding
Published 18th March 2011:
Half baked Bean
Published 27th January 2011:
Russia puts the Putin
Published 2nd December 2010:
Bernanke's financial hanky panky won't save Uncle Sam

In search of an economic Merkel

It was Robert Louis Stevenson (among others) who noted it was better to travel than arrive. Having flown with Ryanair, I would beg to differ. However, the disappointments of budget airline travel, t...

Stick or twist?

On numerous occasions we have referred to how the precarious state of the global economy is, in no small part, the result of ‘experts’ having a...

To Hellas in a handcart

It is comforting to know that high street financial institutions just want to hold our hands and guide us through life’s trials and tribulations....

You've got to be kidding

Well, there has been plenty going on. The country overwhelmingly rejected a change to the voting system, U.S. government debt was earmarked for a p...

Half baked Bean

It is all too easy to assume that individuals in positions of power know what they are doing. I recently saw an anonymous quote which opined that ...

Russia puts the Putin

It has been a miserable few weeks. Education riots, VAT at 20%, while to cap it all, Russia snaffled the World Cup. While we fielded Beckham, Camer...

Bernanke's financial hanky panky won't save Uncle Sam

When I was a boy, QE2 was the acronym used to describe a ship owned by Cunard. Now, it’s the next chapter of U.S. monetary policy. The QE2...

Lessons learned?

In Oscar Wilde’s ‘The importance of being earnest’, Lady Bracknell tells us “… to lose one parent may be regarded as a misfortune;...

Diamonds are for breakfast

It is a persistent problem. In the middle of the night, you are rudely awakened by a knock at your hotel door. Is the building on fire? Has...

You can fool some of the people, some of the time

There are well over half a million words in the English language. You might have thought that with all that choice, it wouldn’t be too dif...

The answer is blowin’ in the wind

Wise words from Bob Dylan. While I’m hardly an expert on 1960s counterculture, he meant (I think) that the answers are often there but, y...

The pains of Keynes

It has often been said of economics that while the questions remain the same, it is only the answers that change. The obscure Victorian economist, ...

To Hellas and back

In Hotel California, the Eagles tell us “we are all just prisoners here of our own device ……. you can check out any time you like but you can n...

Déjà vu - all over again

Things aren’t always what they seem. A thought no doubt not lost on Accenture and Gillette. Both firms had promoted themselves on the back of Tig...

Golden Brown

Throughout history, gold has held an unshakable hold over the human psyche. From Midas to the Spanish Main, from Cecil Rhodes to... er, Spandau Ba...

Greece is the word

It's our view that the world economy is still concealing plenty of unexploded ordnance. Whether it detonates is another matter but every now...

The Lloyd is my shepherd

Mark Twain said "Whenever you find yourself on the side of the majority, it is time to pause and reflect." Clearly, it's not a problem we ha...

Gross Domestic Poppycock

Britain has, at least in a technical sense, finally emerged from recession. Most industrialised nations have been posting anaemic growth in Gross ...

Bonfire of the banalities

Markets keep rising but so does unemployment. Governments print money although the vast majority of it leaches into speculative capital market ...

More questions than answers

An acquaintance of ours asked us recently why, unlike the majority of investment managers, we weren’t talking the stockmarket up. We explained...

Que sera sera

We have always invested a good deal of time ensuring that our clients understand our investment thinking, both in the short and longer terms. Whil...

Breaking up is hard to do?

This year, the Euro celebrated its tenth birthday. It was launched with great fanfare on the 1st January 1999; Rudolf Erlinger, then Chairman of t...

Trust me; I'm an expert

Experts; where would we be without them? A lot better off is our guess. We’re not talking here about real experts like doctors, dentists, ...

Scamelot

Once upon a time, economic prosperity was the result of a high savings ratio combined with sweat and risk taking. Victorian Britain pioneere...