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Oct 1, 2014
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Ebola sets clock ticking on West African economy

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

The West African economy may yet survive Ebola – but the clock is ticking. Matching the last four years’ 28 pct growth isn’t realistic. Controlling the deadly outbreak before year’s end, though, could preserve enough investment and resources to meet an expanding population’s needs. Given the virus has already spread as far as America, there’s no time to waste.

Aug 27, 2014
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Tragedy may reshape Brazil economy, not just vote

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By Martin Hutchinson and Richard Beales

The authors are Breakingviews columnists. All opinions expressed are their own. 

Add Marina Silva to the challenges facing Dilma Rousseff. Brazil’s president faces a new opposition candidate in October’s election after Eduardo Campos’ death in a plane crash, and Silva looks a far bigger threat. If she ousts Rousseff, which polls show is possible, Brazil could gain economically from less state meddling.

Aug 26, 2014
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S&P 500 at 2,000 invites “new normal” thinking

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Beware new paradigms. The S&P 500 Index’s first trades above 2,000 on Monday invite the idea of a new normal in markets. The price-to-earnings ratio is under 20, only moderately above average, and interest rates remain low. But U.S. earnings are at a peak relative to GDP. Assume they adjust back to the long-term norm, and the stock benchmark would be a third lower.

Jul 29, 2014
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Argentine opportunity cost is reason to cut deal

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Argentina’s debt negotiators need to think about opportunity cost. A failure to reach agreement with holdout creditors by Wednesday might not make things immediately worse. But it would set back recent efforts to curry favor with international financiers – efforts that could pay off richly for the Argentine economy.

Jun 13, 2014
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Review: “House of Debt” diagnosis beats remedies

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Atif Mian and Amir Sufi are better at diagnosis than cure. In their book, “House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again,” the two professors make a compelling case that excess consumer debt caused the severity of the U.S. Great Recession. Unfortunately their mortgage bailout proposal would worsen future such problems. Another idea, shared value mortgages, might work partially – but tighter monetary policy would work better still.

May 14, 2014
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Hedge fund customers’ yachts washing further away

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By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Hedge fund customers’ yachts are washing further away. The flood of money – now $2.7 trillion – in hedge funds has squashed returns below public stock markets. Private equity doesn’t seem to be doing much better. Investors beware.

Apr 17, 2014
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Review: Hustling helps Africa’s partial success

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By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

“Kanju” makes modern Africa work. In her new book “The Bright Continent,” the American journalist Dayo Olopade claims that this Yoruba word for hustling, striving and rule-breaking explains how the invisible hand outwits the dead hand of corrupt bureaucracy in much of the continent. Sadly, kanju also makes most African countries tough places to do fully organized business.

Apr 17, 2014
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Review: Hustling helps Africa’s partial success

Photo

By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

“Kanju” makes modern Africa work. In her new book “The Bright Continent,” the American journalist Dayo Olopade claims that this Yoruba word for hustling, striving and rule-breaking explains how the invisible hand outwits the dead hand of corrupt bureaucracy in much of the continent. Sadly, kanju also makes most African countries tough places to do fully organized business.

Apr 17, 2014
via Breakingviews

Review: Hustling helps Africa’s partial success

Photo

By Martin Hutchinson

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

“Kanju” makes modern Africa work. In her new book “The Bright Continent,” the American journalist Dayo Olopade claims that this Yoruba word for hustling, striving and rule-breaking explains how the invisible hand outwits the dead hand of corrupt bureaucracy in much of the continent. Sadly, kanju also makes most African countries tough places to do fully organized business.

Apr 1, 2014
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High-speed traders just latest market rent-seekers

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By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

High-speed traders are just the latest to earn opprobrium as market rent-seekers. In his new book “Flash Boys,” Michael Lewis claims they are rigging U.S. equity markets. Even Goldman Sachs Chief Operating Officer Gary Cohn acknowledges concerns. New rules, taxes or structures could reduce the high-frequency traders’ unfair advantages.

    • About Martin

      "Martin Hutchinson is a Reuters Breakingviews columnist and writes about emerging markets, particularly in Latin America, and monetary and macroeconomic issues. He is a former merchant/investment banker with 27 years of experience."
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