Bank hybrid notes have received a lot of unfavourable press in the last year. I think many commentators simply don’t understand them. I like them a lot and think their combination of high yields and good capital protection should give them a place in most investor’s portfolios as a solid defensive asset. The largest issue […]
The Greek debt crisis is in a brief hiatus that can only last for weeks. Then the impasse between the newly elected Government of Greece and a coalition of countries led by Germany will have to be resolved. An important issue here is the rapidly changing way in which the German public perceives the role […]
There is growing concern that a bubble is developing in the residential property market in Australia. Prices have certainly zoomed up in Melbourne, and especially Sydney, over the last two years; see the chart below of Australian residential property prices. The problem with bubbles is that until they burst there is no way to know […]
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