Temple Associates

Advice for Fund Managers, Securities and Banking Firms

10 Jun 2014

European Bond Markets have come full Circle

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A few years ago (2005) we warned that anyone continuing to hold Italian government bonds yielding a measly 15 basis points more then German ...
7 Jun 2014

TLTRO - a can of worms

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Last week's announcement by the head of the ECB, Don Draghi, that the Eurocrats will pump up to € 400 billion into a 'targetted'...
2 Jun 2014

Bond business - down but not out

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My prognosis for interest rates, esp bond rates, for the next few years gives a high probability that rates will meander around a relatively...
30 May 2014

US blackmails banks - EU useless

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The US 'authorities' (if you can name them as such as the country becomes more and more ruled by out-of-control lobbies and zealots)...
22 May 2014

QE ineffectual and criminal

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9 May 2014

Barclays: how not to manage a business

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Announcing that the number of jobs in the investment banking unit will be cut by 25 per cent over the next three years is as bad a decision ...
29 Apr 2014

London - what would be effect of 'Brexit'?

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When senior banking figures  warn  that London's position as preeminent financial centre would be at risk from any British exit from the...
4 Apr 2014

Absurd Asset Quality Review

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Every bank is bust if all depositors want their money back at the same time - unless a thorough reform (which we support) has mandated a str...
21 Mar 2014

Celebrity Fund Managers can be an Achilles Heel

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Relying on Celebrity Fund Managers can be risky even for the most prominent Fund Management House. Recent changes at Pimco are just the lat...

Banking Stress Tests of limited value

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Every bank can be shown to fail under certain assumptions. For example a 50 percent drop in property and/or share prices, a steep increase i...
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