Bill Blain

US interest hike in September? Really?

US interest hike in September? Really?

8 mins. to read

As featured in this month’s Master Investor Magazine. A few lifetimes ago, in early August, the editor asked me to write about optimal portfolio composition ahead of the then expected US rate hike in September. I scribbled up a note on how global growth remains sub-par, under threat, and how a rate hike might just…

Mario Draghi Explains The Greek Bailout

Mario Draghi Explains The Greek Bailout

3 mins. to read

“It is excellent to have a giants strength, but it is tyrannous to use it like a giant…” Somewhere in Yoorp… Interviewer: Mr Draghi… you’re a central banker. After promising to extend yet more emergency money to Greek banks, a Euro 7bln bridge loan to repay yourself next week, and a new Euro 86bln 3rd…

Welcome to the End of The Trading Era – The Completion Backwards Principal

Welcome to the End of The Trading Era – The Completion Backwards Principal

5 mins. to read

Over the last few weeks we’ve seen some pretty extraordinary moves in the bond markets. We’ve seen bonds trade over 2-3 percent daily trading ranges – ranges that would be considered extreme a few years ago for such non-volatile core investment instruments. We’ve seen investors increasingly concerned that stock market valuations look overblown, and there…

European Banks – Time for some Creative Destruction?

European Banks – Time for some Creative Destruction?

6 mins. to read

By Bill Blain – Strategist at Mint Partners Well placed rumours say a number of large European banks are about to pull out of investment banking and markets. Credit Suisse is said to be mulling the closure or sale its investment bank and focus on Wealth Management instead. This comes on the back of similar…