Heated debates about proposals to repeal and replace Obamacare, generic pharmaceuticals feeling the pain of pressures on drug prices and lingering event risk around potential mergers and acquisitions – there are many reasons to take a closer look at the US healthcare sector right now. On my recent research trip to Chicago I discussed these and other topics with Laura Reepmeyer, Managing Directo…Watch the video
A touch over 60 years ago BBC newsreader, Richard Baker, introduced Britain’s first ever television news bulletin. Richard wasn’t allowed to appear on screen for months, for fear that any inappropriate facial expressions could compromise the truth. Instead, the viewer saw still photos of any events that were deemed news worthy. Of course today BBC News has become a global institution, with news…Watch now
Here’s the latest in our series of interviews with the authors of interesting and important new books on economics, politics and investing. In it, Pippa Malmgren – a global strategist and former economics advisor to President George W. Bush – talks about “Signals”, her book about the challenges facing the global economy today both on a state level (China, Russia, the US) and for households. I…Read the article
My book of the year in 2015 was The Rise of the Robots by Martin Ford. I wasn’t alone in liking it; it was the FT McKinsey Business Book of the Year, and set the debate for a year of robotisation stories in financial markets. Last week we held a Bond Vigilantes x Technology conference here at M&G, with great speeches from Diane Coyle on Digitally Disruptive GDP (are we measuring growth or inf…Read the article
As the old adage goes, markets don’t like uncertainty. And yet in just under two months we have a UK election, about which the only degree of confidence that anybody has is that the UK will have a second successive hung parliament – the key question is whether the UK ends up hung to the left, or to the right, or we get a potentially painful outcome somewhere in between.
So we thought it worthwh…Read the article
I recently returned from Chicago after a research trip. We put together a short video to share a few of our findings with the wider world. The mood of most economists, investors and indeed the man on the street was noticeably more upbeat than in Europe. With positive GDP growth, a housing market showing the first signs of stabilisation, if not growth, and – in our opinion – a banking system tha…Read the article
“I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.”
James Carville, Clinton administration advisor, 1993
When we started the Bond Vigilantes blog back towards the end of 2006, the world looked pretty different – and even the term “bond vigilantes”…Read the article
There were echoes of August 2008 for a few hours last week. The yield spread on 10 year Spanish, Belgian and Italian government bonds over German government bonds spiked to a euro era record, while the cost of insuring Portuguese and Irish government bonds against default also hit a record high. Greece has already become a zombie sovereign, and is being kept alive with a cash drip from the EU…Read the article
A couple of short youtube clips from Australian satirists John Clarke and Bryan Dawe. We thought it might give you a chuckle before the long weekend.
Enjoy!Read the article