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Abigail with attituderssfeed

Abigail Hofman: Spat with sisterhood

August 2010

I am involved in a spat with the sisterhood.

Abigail Hofman: End of the Pru party

July 2010

The demise of the Prudential deal together with inhospitable debt and equity markets implies that the second-quarter numbers for global investment banks will be bad.

Abigail Hofman: Nomura drama

July 2010

“Nomura was in a strategic corner: they were trapped in Japan. They bought the Lehman operations for virtually nothing. If I criticize the Japanese for anything – it is that they are not involved enough in the investment banking business."

Abigail Hofman: Progress at Citi

July 2010

Vikram Pandit has taken Citi from a place where the institution was written off as a basket case to being a share beloved by star hedge fund managers and widely seen as a buy for widows’ and orphans’ pension pots.

Abigail Hofman: Excess and the city

June 2010

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Against the tide

Against the tide: It’s a twin-track Europe

August 2010

Tough times lie ahead for the financially challenged parts of the eurozone. But the rapid rebound in other eurozone countries will sustain Europe’s Economic and Monetary Union, as will Germany’s determination to export fiscal rectitude.

Against the tide: Is the UK next in line?

July 2010

Markets have focused on the woes of the peripheral eurozone member states and their sovereign debt crisis but we should remember that public finances in the UK, the US and Japan are in an equally bad, if not worse, state.

Against the tide: Europe’s stress point

June 2010

The EU’s single-currency system is under great stress but will not reach breaking point so long as Germany wants it to survive.

More against the tide stories


Inside investmentrssfeed

Inside investment: McMansions in the sky

August 2010

Currency debasement and inflation have ultimately been bad news for men of modest means. Lincoln Rathnam learns lessons from the history of Emperor Diocletian on why our present penchant for McMansions might point to an Appalachian future.

Inside investment: The self-preservation society

June 2010

The euro will survive. But the self-preservation instinct of its architects must mean the defenestration of Greece.

More inside investment stories


Bridport bond column

Bond Outlook [by bridport & cie, September 1st 2010]

September 2010

When their indebtedness becomes really unsustainable, governments will not default in any classic way, but practise “financial oppression”, particularly on bondholders and retirees. Inflation will be part of this.

Bond Outlook by bridport & cie, August 18th 2010

August 2010

We believe the fears of a double dip to be exaggerated, which makes bond markets vulnerable to likely yield rises. China takes a new step toward RMB internationalization.

More bridport bond column stories


Macaskill on markets

Macaskill on markets: Blankfein circles his management wagons

August 2010

Students of internal politics at Goldman Sachs will be closely watching the career path of David Heller in the coming months. As the global co-head of securities with primary responsibility for equity trading, Heller might be expected to take the fall for a disastrous second-quarter performance in equity derivatives.

Macaskill on markets: Competitors look for clues from Goldman’s equity losses

August 2010

A serious second-quarter equity trading stumble by Goldman Sachs led to predictions that its investment banking dominance might be coming to an end as a new regulatory era dawns.

Macaskill on markets: Bankers hunt for friends in high places

July 2010

Limited understanding of markets by key regulatory and political figures is a contributing factor to the European sovereign debt crisis, as financiers and government officers increasingly fail to communicate.

Macaskill on markets: Europe reveals much through what it is trying to hide

July 2010

The reluctant decision by European governments to publish stress tests for their domestic banks might shed an unwelcome light on the illiquidity of many local sovereign debt markets.

More macaskill on markets stories


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