| No. | Title/Authors | Date |
| 242 | The Importance of the Shareholder Debate in Germany. Oliver Grant and Andrew Smithers | 1st Jun 2005 |
| 241 | No End in Sight for Japanese Deflation. Andrew Smithers | 11th May 2005 |
| 240 | Britain After the Election. Andrew Smithers | 5th May 2005 |
| 239 | The UK and the US Have the Same Problems. (Perception is Skewed by Data Presentation.) Andrew Smithers | 22nd Apr 2005 |
| 238 | Do Profits Matter for Stock Markets. Andrew Smithers | 19th Apr 2005 |
| 237 | Japan: Shorter Term Outlook. Andrew Smithers | 1st Apr 2005 |
| 236 | Japanese Profit Prospects. Andrew Smithers | 30th Mar 2005 |
| 235 | Credit Spreads, Tax and Hedge Funds. Andrew Smithers | 11th Mar 2005 |
| 234 | Why Bond Yields Are So Low. Andrew Smithers | 24th Feb 2005 |
| 233 | Japan's Continuing Debt Problems. Andrew Smithers | 16th Feb 2005 |
| 232 | The Outlook for Exchange Rates. Andrew Smithers | 7th Jan 2005 |
| 231 | The Unsustainable Level of US Buy-backs. Andrew Smithers | 16th Dec 2004 |
| 230 | The UK Pension Debate Means Higher Taxes. Andrew Smithers. | 30th Nov 2004 |
| 229 | Japan: The Gap Between Consensus and Reality. Andrew Smithers | 18th Nov 2004 |
| 228 | France and Germany: Part 2 Longer Term Problems and Prospects. Andrew Smithers | 16th Nov 2004 |
| 227 | France and Germany: Part 1 Shorter Term Outlook. Andrew Smithers | 12th Nov 2004 |
| 226 | Wall Street Would Welcome a Pick-up, But Only Briefly. Andrew Smithers | 22nd Oct 2004 |
| 225 | G5 Stock Markets: Returns are Not Random. Andrew Smithers and Stephen Wright | 30th Sep 2004 |
| 224 | The Threat of Fiscal Rectitude. Andrew Smithers | 23rd Sep 2004 |
| 223 | Corporate Profits, Cash Flow and Oil. Andrew Smithers | 1st Sep 2004 |
| 222 | Japan: Inflation and Profits. Andrew Smithers and Pelham Smithers | 30th Jul 2004 |
| 221 | Valuing the Tokyo Market. Andrew Smithers | 23rd Jul 2004 |
| 220 | The Overstatement of US Profits. Andrew Smithers | 14th Jul 2004 |
| 219 | Tokyo Stock Market Outlook. Andrew Smithers and Pelham Smithers | 18th Jun 2004 |
| 218 | Are US Financial Companies Even More Overvalued Than the Market? Andrew Smithers | 2nd Jun 2004 |