Strategy and Economics
Europe
4 UK Strategy
A Sorry State
Graham Secker
6 Euroland Economics From Athens to Dublin:
Fiscal Sustainability in the EMU Periphery
Spyros Andreopoulos, Michelle Bradley
Global
8 Global Interest Rate Strategy
A New Balance of Risks
Jim Caron, Laurence Mutkin
10 US Economics
Consumer Spending: Slow Growth – Not No
Growth – Ahead
Richard Berner
12 US Credit Strategy
A Spooky Comparison
Rizwan Hussain, Gregory Peters, Adam Richmond
14 Equity Derivatives Strategy
Equities in the Dollar Bear Camp
Sivan Mahadevan, C. Metli, M. Evans, C. Kober,
P. Singh, V. Hjort, P. Schoenhuber
Industry Analysis
16 Initiation Insurance Initiation on Lloyd’s of
London Insurers – OW Amlin, UW Brit
Adrienne Lim, Andrew Broadfield
20 Oil Services OCMR No. 6: Rebound in
Contract Awards Underway
Martijn Rats, Robert Pulleyn
Company Analysis
24 Halfords Structural Winner, but More Upside
Elsewhere; E/W
Charlie Muir-Sands, Geoff Ruddell, Fred Bjelland