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’[Something for the weekend] It’s not the banks, it’s the bankers
By Neil Collins
It’s not the banks, it’s the bankers
No inside information is needed to know what George Osborne is doing this weekend. He’s just taken delivery of the Vickers report, and must at least claim to have read it by the time everyone else sees it on Monday. We’ve a pretty good idea of the contents,
Does rapid growth lead to high returns?
Economist and market watcher Andrew Smithers has focused in his latest client report on the disparities between equity returns in fast-growing emerging markets and more mature economies to argue for caution and international diversification of equity portfolios.
Smithers: ‘We will muddle through’
Economist and uber-pundit Andrew Smithers is on a roll, having drawn attention in the financial media this week with his latest report contending that the US stock market is 40 per cent overvalued.
Smithers – who regularly opines on everything from Japan to the US stock markets and UK monetary policy – also has central bankers firmly in his sights with his new book,
The US stock market is overvalued by 40%
Andrew Smithers, of London-based research house Smithers & Co, is not a man who has any truck with nonsense. Particularly when it comes from the mouths of stockbrokers.
In his latest report, The US Stock Market:
QE according to Smithers
Speaking of quantitative easing, as FT Alphaville just has in a neat scene-setter for a Tuesday speech by Bank of England governor Mervyn King, Andrew Smithers of Smithers & Co warns in his latest world market update that asset prices are likely to fall after central banks end their QE programmes.
So where is the US economy going?
He is no longer Fed governor but Alan Greenspan, now a highly prized commodity on the international conference circuit, still attracts eager audiences. On Friday he became the latest to weigh in on the US economic debate,
Smithers: US profit outlook at best, flat, at worst, bleak
Whether the US economy weakens or stays on a robust course, the outlook for US profit margins is at best, flat and at worst, bleak, according to Andrew Smithers in his latest client report from Smithers & Co.