Columnist at The Bear's Lair

Martin O. Hutchinson is an investment banker with more than 25 years’ experience, Hutchinson has worked on both Wall Street and Fleet Street and is a leading expert on the international financial markets. At Creditanstalt-Bankverein, Hutchinson was a Senior Vice President in charge of the ... more

ALL CONTRIBUTIONS

Losers From Higher Rates
The August Consumer Price Index’s rise of 5.3% over the preceding year demonstrated that inflation is far from a transitory phenomenon.
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2019, 1999, 1928 Or 1825?
It is unlikely that the best days of our current civilization lie ahead of us. Productivity growth has been declining for half a century, while fiscal and monetary policies have grown steadily worse, attempting to disguise poor economic performance.
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History Shows Infrastructure Has Diminishing Returns
I have been looking at the British canal building. There were three “canal manias” in 1766-75, 1786-93, and 1816-25, but only the first yielded truly attractive investments and economic gains, while the last wave lost money in general.
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Banknotes Should Be Issued Only By Banks
The world’s central banks are working on issuing digital currencies, where through the “blockchain” they will have knowledge of all transactions.
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Financiers Have Learned Nothing In 250 Years
We are coming up next year on the quarter-millenary of the Ayr Bank crash of 1772 and last year we had the 300th anniversary of the 1720 South Sea Bubble.
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Land Of A Thousand Banks
We need financial reform that atomizes the system, breaks it down into smaller components, and sends those components to communities across the country, where they can interact primarily with local entrepreneurs without fancy degrees.
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Comments

Latest Comments
Private Equity And Hedge Funds Are Bad Investments
1 year ago

Hedge funds would be good investments in a time of tight money, such as we have not had for 20 plus years. Today the Fed spraying money about means there is more money than good deals.

1 to 1 of 1 comments

STOCKS I FOLLOW

AIG American International Group Inc
CLF Cleveland-Cliffs Inc. (fmrly Cliffs Natural Resources)
EEM iShares MSCI Emerging Markets Index
FITB Fifth Third Bancorp
GLD SPDR Gold Trust ETF
SPY SPDR S&P 500
TBT ProShares UltraShort Lehman 20+ Year Treasury ETF
TTM Tata Motors Limited

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PERSONAL BLOG

Latest Posts
The Bear's Lair: Britain’s Overton Window Must Reopen To Liverpool
Now that the brave British have voted to exit the European Union, they need a new philosophy of government. They must reopen the Overton Window, shut for over 150 years, for the “original definition” Conservatism of Lord Liverpool.

Work Experience

Columnist
The Bear's Lair
2000 - Present (22 years)
Correspondent
Reuters BreakingViews
2006 - 2015 (9 years 10 months)
Contributing Editor
Agora Publishing
2006 - 2013 (7 years 10 months)
Business and Economics Editor
United Press International (UPI)
2000 - 2004 (4 years 9 months)

Education

Harvard Business School
MBA
1971 / 1973
Trinity College
MA
1968 / 1971
Mathematics

Publications

Britain’s Greatest Prime Minister: Lord Liverpool
Martin Hutchinson
The Lutterworth Press
11/26/2020

Britain’s Greatest Prime Minister: Lord Liverpool unpicks two centuries of Whig history to redeem Lord Liverpool (1770-1828) from ‘arch-mediocrity’ and establish him as the greatest political leader the country has ever seen.

In the past, biographers of Lord Liverpool have not sufficiently acknowledged the importance of his foremost skill: economic policy. Here, Hutchinson’s experience provides a more specialised perspective on Liverpool’s economic legacy than most historians are able to offer.

From his adept handling of unparalleled economic and social difficulties, to his strategic defeat of Napoleon and unprecedented approach to the subsequent peace process, Liverpool is shown to have set Britain’s course for prosperity and effective government for the following century. 

Alchemists of Loss: How modern finance and government intervention crashed the financial system
Kevin Dowd & Martin Hutchinson
Wiley
04/27/2010

An engaging look at how modern finance almost destroyed our global economy

Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy.

In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers.

Great Conservatives
Martin Hutchinson
Academica Press
04/15/2004

Great Conservatives looks at British history through the philosophy of Conservatism that animated the great Tory governments of 1783 to 1830. By examining leading figures in the growth, triumph, and decline of Conservatism, a different picture emerges that illuminates the political, social, and economics forces that created the British Empire and the Industrial Revolution.

True Blue Will Never Stain
Martin Hutchinson
Martin Hutchinson

Home of The Bear's Lair and Martin's historical musings.