View Post

Chinese ratings agency says QE2 is “like drinking poison”

In Blog by Ian Fraser0 Comments

10 November 2010 The mood ahead of the G20 summit in South Korea is turning ugly. America’s actions — especially its policy of deliberate dollar devaluation through quantitative easing — are looking increasingly irresponsible and even reckless to its creditors, some of whom are starting to snap. The Federal Reserve’s …

View Post

Dodd-Frank Act won’t prevent future crises

In Article Library by Ian Fraser

By Ian Fraser Published: Qfinance Date: 16 July 2010 American banks and financial institutions can hardly have expected to have faced no regulatory or enforced structural or behavioral changes given their lead role in causing the worst financial crash since the 1930s. However there are some who believe that the …

View Post

Why Washington is determined to mislead over inflation

In Blog by Ian Fraser3 Comments

2 June 2010 Ben Bernanke is confident that America has inflation under control. Speaking in Tokyo last Wednesday, the Federal Reserve chairman said: “Despite increases in inflation a few years ago and now declines of inflation to very low levels, inflation expectations in the United States are very stable.” The …

View Post

US rescue plan: Stiglitz vs Gold

In Blog by Ian Fraser0 Comments

26 March 2010 Three years after the global financial crisis began is as good a time as any to take stock of the US policy response to the fallout from the subprime catastrophe—and assess the response’s effectiveness in nursing the world’s largest economy back to health. One of the fiercest …

View Post

The end of laissez-faire

In Article Library by Ian Fraser4 Comments

By: Ian Fraser Published: Sunday Herald Date: 4 January 2009 REGULATION: The cataclysmic events in the financial world have turned the tide against faith in the self-correcting power of the markets. A special report by Ian Fraser. ROLLING BACK the frontiers of state through privatisation and deregulation, a process kicked …

View Post

The sage of St Colme Street: Why was nobody listening?

In Blog by Ian Fraser1 Comment

9 October 2008 Ian Rushbrook, the Edinburgh-based fund manager once described as a “perma-bear”, was for many years a voice in the wilderness. He came in for a lot of flak from more bullish investors while the debt-fuelled consumer party continued apace. They couldn’t quite get their heads around Ian’s …

View Post

Americans to Wall Street: Why should we bail you out?

In Blog by Ian Fraser0 Comments

29 September 2008 Henry “Hank” Paulson pitched it as a panacea for America’s financial woes. But, despite all the sabre-rattling and doom-mongering from US president George Bush, the people of America have not allowed themselves to be hoodwinked.  Why should they take ownership of the very worst loans and other …

View Post

Sage of Wall Street gets it wrong … again

In Blog by Ian Fraser0 Comments

18 March 2008 ALAN Greenspan, a man described as a “bigger threat to the US economy than Osama bin Laden” during his Fed years and now increasingly regarded as the architect of the sub-prime crisis that could tip us into global recession, has quite a cheek. In an article published in Monday’s FT (“We will never …

View Post

Why a veteran outperformer sees a crash on the cards

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Financial Times Date: 27 November 2006 The manager of Personal Assets Trust tells Ian Fraser soaring debt could leave investors blessing his ultra-defensive strategy Ian Rushbrook has been so bearish on global equity markets for so long he has earned himself the nickname “perma-bear”. Despite the …

View Post

Greenspan ‘more of a threat than bin Laden’

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 6 February 2005 ALAN Greenspan, chairman of the Federal Reserve, is a “bigger threat to the US economy than Osama bin Laden”, according to a leading Scottish investor. The claim comes from Robin Angus, director of the £150 million Personal Assets Trust and …