In a seminal paper [1] from 1958, Franco Modigliani and Merton H Miller showed why investors should not care about whether firms were financed with debt or equity...

The past week has showed the dark side of media coverage and analysis of current events and a test on just how much information you stuff down the public's throat.

I have used the metaphor of Japan as a bumblebee before and while I believe that the story on Japanese savings may just be a little more complicated than many believe...

FX punters and other of their ilk are beginning to look to the Euro as a source of global liquidity to play the carry wheel in high yield economies.

Liquidity senders, liquidity receivers and the liquidity cycle.

Random Shots: Absolute Returns Partners Edition

Rapidly aging societies are not, in the main, characterized by dissaving but rather by the fight against it, says Claus Vistesen.

Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight.

Yet still, our good bumblebee refuses to be weighed down by such details and continues to take flight, oblivious to the controversy.

This allegory applies, with some imagination, to Japan's economy too.

Credit-worthy surplus countries must expand domestic demand relative to potential output to revive the world economy.

An export-led recovery isn't the likely way out for Japan's dismal domestic deflation.