Monthly Archives: December 2012

James Mackintosh

Contrarians are usually a grumpy lot, constantly being ridiculed for making mad investments, only to have those that work out dismissed as pure luck.

2012 gave plenty of examples, with pretty much any mainstream equities the clearest (almost no one wanted them in January, everyone does now). For the more adventurous contrarian, Greek bonds bought at the start of the year and held through the default have returned 100 per cent, including coupons, while Portuguese bonds are up 79 per cent on the same basis. Read more

Investors are starting to worry that the bond market bubble is looking fragile. Investment editor James Mackintosh explains why this matters a lot.

FT investment editor James Mackintosh examines why bond yields in France have fallen and links it to a revival of confidence in the eurozone.

The financial crisis created the risk-on, risk-off phenomenon as hope of recovery vied with fear of renewed crash, pushing markets to move together. James Mackintosh, investment editor, says these correlations are showing some signs of easing, easing pressure on investors.

The Federal Reserve has driven US investors into riskier assets by promising lower rates for longer as part of its assault on unemployment. James Mackintosh, investment editor, worries that markets are complacent about the speed with which unemployment is falling, and the risk of an early Fed policy tightening.

Investors are becoming more hopeful that a deal will be done to avoid the US fiscal cliff. But would it really be so bad if no deal was reached? James Mackintosh, investment editor, explores the impact of the tax hikes and spending cuts due in the new year.

Italian shares fell and bond yields rose as investors reacted badly to losing Mario Monti. Investment editor James Mackintosh says this looks like a classic market over-reaction. But there are reasons to worry that worse might be ahead for the country.