“I M Fired” – How the Asian Financial Crisis Helped Asia and Harmed the West
The ensuing collapse in the West’s financial credibility was equivalent to the Iraq War’s effect on its strategic credibility
The Brightening Message from Small Cap Japan
In the creative destruction that is supposed to characterize capitalism, destruction is always noisier and more eye-catching than creation
What Trump Means for Markets: The Great Reversal
Populism thrives under deflationary conditions, as in Japan and Germany in 1928-33, but populism in power often brings high inflation
The Kuroda Conundrum: Tapering or Fuelling the Helicopter
Kuroda signing off on a tightening would be like a sumo champion going on a vegan diet.
Abemon Go: Constitutional Reform and Reflation
Prime ministers came and went like karaoke singers taking turns at the microphone.
The Widowmaker’s Message: Bring an End to Austerity
Once upon a time it was possible to view all this as some bizarre, uniquely Japanese phenomenon. No longer.
Brexit and the Unravelling of Europe
The ideological project of turning Greeks into Germans and vice versa has collided head-on with “the crooked timber of humanity.”
Time for Abenomics 2.0
Abe himself is considered a “nationalist”, which is simply a way of saying a patriot that you don’t like
Abe Still Holds The Strong Cards
Rather like a Zen master shattering the preconceptions of his acolytes, he shocked the markets by doing precisely nothing…
Abe’s Next Move: Doubling Down on Growth
The yen has acted as a financial version of the “wind of the gods” – the fortuitous typhoon that destroyed the fleet of Kublai Khan