For 27 years, Martin Hutchinson was an international merchant banker in London, New York, and Zagreb. He ran derivatives platforms for two European banks before serving as director of a Spanish venture capital company, advisor to the Korean company Sunkyong, and chairman of a U.S. modular building company. In Zagreb, he established the Croatian debt capital markets, set up the corporate finance operations of Privredna Banka Zagreb, and arranged for the monetization of 800,000 frozen Macedonian foreign currency savings accounts. He has been a financial journalist for over 14 years, and is the author of Great Conservatives and co-author of Alchemists of Loss, which details the causes and consequences of the 2008 financial crash. He currently publishes a weekly column called The Bear’s Lair, in which he comments on the economy and market. He is also a correspondent for Reuters’ BreakingViews. Martin has a first class Honors Degree from Trinity College Cambridge and an MBA from Harvard Business School.
10,000 years ago, mastodons seemed poised to rule forever. But mastodons weren’t adaptable. The day humans began hunting with spears, the extinction of mastodons became an inevitability. Modern-day mastodons suffer from the same inability to adapt. And these companies are on the cusp of complete failure...
Irma may have just rained on Puerto Rico’s recovery parade. Power outages and water main destruction could spell doom for Electric Power Authority and Water Authority bonds issued by the island. And if those bonds default, a domino effect on other Puerto Rican bonds is likely. With that in mind, welcome to Wall Street Daily’s first ever “Natural Disasters” edition.
During a recent interview, he shared his thoughts on why investors shouldn’t try to time when the recent bull market will end — along with eight other must-read secrets gleaned from his days on the trading floor. Here’s the full transcript of the interview.