“Behavioural Thoughts on Equity Valuation.”

The UK Society of Investment Professionals, 7th March 2007 Presentation by Andrew Smithers at UKSIP’s Professional Development Seminar on Current Issues In Equity, which was held at the Weaver Suite, 90 Basinghall Street, London EC2V 5AY. Full presentation:...

Too weak for a liquidity injection.

The Banker (The Bracken column), 1st February 2007 There is a high risk that the next recession will be severe, either by being prolonged or by being unusually deep. The fundamental problem is that asset prices have risen to such high levels relative to incomes. This...

Revised Data Show Their Weakness

The Nikkei Financial Daily (Market Eye Column)., 25th December 2006 Substantial revisions to Japan’s GDP data were published on 8th December, 2006; they show that the economy grew even more slowly than was previously feared, and this applies to any time period chosen...