Editor, Investment Strategy. Europe, Middle East and Africa, London
Mike's Feed
Apr 16, 2014

Bonds shine again as Great Rotation gives way to Asset Reflation

LONDON (Reuters) – Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously.

In an investment world so used to the concept of ‘risk on’ or ‘risk off’ over recent turbulent years, the behavior was puzzling. So what happened?

Apr 7, 2014
Apr 2, 2014
Apr 2, 2014
Apr 2, 2014

‘Too Big to Fail’ still thriving

LONDON (Reuters) – Five years after Lehman Brothers’ seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and well.

Although unwritten government guarantees of big banks have been at the heart of taxpayer outrage over being left on the hook for the missteps of giant corporations, few politicians or voters are keen to embrace another ‘Lehman moment’ or the global economic implosion that ensued.

Apr 2, 2014

Analysis – ‘Too Big to Fail’ still thriving

LONDON (Reuters) – Five years after Lehman Brothers’ seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and well.

Although unwritten government guarantees of big banks have been at the heart of taxpayer outrage over being left on the hook for the missteps of giant corporations, few politicians or voters are keen to embrace another ‘Lehman moment’ or the global economic implosion that ensued.

Apr 1, 2014
Mar 21, 2014
Mar 19, 2014

Analysis – MAD support for bonds even as fingers point at Russia

LONDON (Reuters) – As Russia appeared to dump U.S. Treasury debt this month in the thick of a tense East-West standoff over Crimea, bond markets barely blinked – raising questions about just how brewing crises across the developing world may feed back on Western economies.

Once labelled “Mutually Assured Financial Destruction”, the stockpiling of U.S. and European currency and bonds by emerging market central banks over the past decade has arguably been as stabilising a force as the Cold War version of MAD that prevented amassed nuclear arms being fired in anger.

Mar 19, 2014

MAD support for bonds even as fingers point at Russia

LONDON (Reuters) – As Russia appeared to dump U.S. Treasury debt this month in the thick of a tense East-West standoff over Crimea, bond markets barely blinked – raising questions about just how brewing crises across the developing world may feed back on Western economies.

Once labeled “Mutually Assured Financial Destruction”, the stockpiling of U.S. and European currency and bonds by emerging market central banks over the past decade has arguably been as stabilizing a force as the Cold War version of MAD that prevented amassed nuclear arms being fired in anger.

    • 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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