Buybacks and the parallel universe of bankers | Andrew Smithers
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Buybacks and the parallel universe of bankers

Andrew Smithers
| Nov 05 2014 07:00 | Comments | Share
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Tags: QE, The Road to Recovery, US profit margins
Posted in Central bank policy, Equity and bond markets | Permalink
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Andrew Smithers

Economics and markets

About this blog About Andrew Commenting
Hello!

I’m Andrew Smithers; I studied economics at Cambridge and used to run the fund management business at S G Warburg which became Mercury Asset Management and is now BlackRock.

I set up Smithers & Co in 1989 as an economics consultancy. Much of the comments on economics and markets that I read as a fund manager struck me as nonsense and I have had great fun in pointing this out to clients over the years.

I now have the opportunity to disseminate my views more widely and hope that this will amuse and inform readers.
Andrew Smithers, Chairman, founded Smithers & Co., a leading advisor to investment managers on international asset allocation, in 1989.

Prior to starting Smithers & Co., Andrew was at S.G. Warburg from 1962 to 1989. He has been a regular contributor to the London Evening Standard, Sentaku Magazine and the Nikkei Veritas. His OpEd pieces are included periodically in the Financial Times.

He is co-author of Valuing Wall Street with Stephen Wright, published in 2000, and Japan’s Challenges for the 21st Century with David Asher, published in 1999. His book Wall Street Revalued - Imperfect Markets and Inept Central Bankers was published by John Wiley & Sons, Ltd. in July, 2009. He is also the author of Chapter 6, “Can We Identify Bubbles and Stabilize the System?” in The Future of Finance: The LSE Report, published by The London School of Economics and Political Science in September, 2010. His latest book is The Road to Recovery: How and Why Economic Policy Must Change (2013).

Andrew is a Trustee of the Daiwa Anglo-Japanese Foundation and a Fellow of CFA (UK).

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Related websites

Smithers & Co
Pelham Smithers Associates
Stephen Wright
Professor Edward Tower
Didasko Education Co.
Online Data - Robert Shiller

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