Editor, Investment Strategy. Europe, Middle East and Africa, London
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Aug 5, 2015

Analysis – Raising interest rates with zero inflation is a hard sell

LONDON (Reuters) – Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there’s no inflation?

Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It may take a few months, but the message they are sending still heavily-indebted households either side of the Atlantic is clear: ‘be warned’.

Aug 5, 2015

Raising interest rates with zero inflation is a hard sell

LONDON (Reuters) – Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there’s no inflation?

Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It may take a few months, but the message they are sending still heavily-indebted households either side of the Atlantic is clear: ‘be warned’.

Jul 13, 2015

Euro zone investment horizon cloudier, even with Greek deal

LONDON (Reuters) – Europe’s discordant leaders snatched a deal on Monday that might just avert Greece’s euro exit, but global investors’ faith in the durability of the single currency has been tested yet again.

Even assuming parliamentary approval for the pact is navigated successfully, investment firms are having to examine what six months of squabbling mean for the soundness of the euro and regional assets.

Jul 8, 2015

Analysis – Greece and China expose limits of ‘whatever it takes’

LONDON (Reuters) – For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering.

“Whatever it takes,” Mario Draghi’s 2012 assertion about what the ECB would do to save the euro, best captures the all-powerful, self-aware central bank activism that’s cosseted world markets since the banking and credit collapse hit eight years ago.

Jul 8, 2015

Greece and China expose limits of ‘whatever it takes’

LONDON (Reuters) – For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering.

“Whatever it takes,” Mario Draghi’s 2012 assertion about what the ECB would do to save the euro, best captures the all-powerful, self-aware central bank activism that’s cosseted world markets since the banking and credit collapse hit eight years ago.

Jun 24, 2015

Greek deal or not, the euro is now a different beast

LONDON (Reuters) – By invoking a Greek euro exit as a possible outcome of failed bailout negotiations, European governments have effectively rewritten a key tenet of the shared currency – and maybe even for the better.

Deal or no deal on staving off Greek default or ‘Grexit’, euro governments have talked openly for the first time of how Greece could slide uncontrollably out of the currency bloc if it failed to agree bailout terms and meet debt payments.

Jun 24, 2015

Analysis – Greek deal or not, the euro is now a different beast

LONDON (Reuters) – By invoking a Greek euro exit as a possible outcome of failed bailout negotiations, European governments have effectively rewritten a key tenet of the shared currency – and maybe even for the better.

Deal or no deal on staving off Greek default or ‘Grexit’, euro governments have talked openly for the first time of how Greece could slide uncontrollably out of the currency bloc if it failed to agree bailout terms and meet debt payments.

Jun 10, 2015

Analysis – Calling time on zero rates and QE

LONDON (Reuters) – The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.

As financial markets start bracing for the first U.S. and British interest rate rises in almost a decade, there’s a pervasive feeling that the extraordinary central bank policies of near zero percent borrowing rates, money printing and bond buying are now causing more problems than they’re worth.

Jun 10, 2015

Calling time on zero rates and QE

LONDON (Reuters) – The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.

As financial markets start bracing for the first U.S. and British interest rate rises in almost a decade, there’s a pervasive feeling that the extraordinary central bank policies of near zero percent borrowing rates, money printing and bond buying are now causing more problems than they’re worth.

May 27, 2015

Analysis – May’s market tremors could reflect fear of ‘groupthink’

LONDON (Reuters) – For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable.

The so-called “new normal” or “secular stagnation” theses that posit years of paltry world growth, lingering economic slack and downward pressure on prices and interest rates have fast become consensus thinking among top investors, financial and academic economists.

    • About Mike

      "Mike Dolan is Reuters' Investment Strategy Editor in Europe. He has been a correspondent and editor for the past 20 years, working for Reuters from London and Washington DC in a variety of roles covering global policymaking, economics and investment trends."
      Joined Reuters:
      1995
      Awards:
      Reuters Editor of the Year, 2009. Reuters multimedia journalist of the year award, 2011
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