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Gold did not rise to these giddy heights by accident. A bull market of this scale requires widespread distrust of other financial assets, of the banking system, of capitalism itself
Gold did not rise to these giddy heights by accident. A bull market of this scale requires widespread distrust of other financial assets, of the banking system, of capitalism itself
Only right-wing nationalists, communists and neo-pagans dare propose the time-honoured method of regaining lost competitiveness
The Greeks could do us all a favour by voting Trotskyite and neo-pagan and thus ending a saga that could go on for decades.
The bond market vigilantes appear to have gone as quiet as the sound of one hand clapping.
Sinatra would disagree, but the answer is not New York. Despite the Olympic hoopla, London is not calling and neither is Paris
Long ago my father used to tell a joke that went like this – What is the definition of heaven? To have an American salary, a British house, a Chinese cook and a Japanese wife. What is the definition of hell? To have a Chinese salary, a Japanese house, a British cook and an American wife
The triple disasters of March 2011 – earthquake, tsunami, and nuclear contamination – offered a stark depiction of Japan’s strengths and weaknesses to the world and perhaps to the Japanese themselves.
The Bank of Japan’s decision to adopt an inflation target and double its bond purchases completes the global flight to soft money.
The road to fiscal hell is sometimes paved with the best intentions. As Europe’s politicians seek to win electorates round to brutal budget cuts, they would do well to look to the experience of Japan.
Here is a manga about Japan’s future written by me and illustrated by the eminent manga artist Toshio Ban, a disciple and former assistant of “the god of manga” Osamu Tezuka. The piece was originally intended for McKinsey’s Reimagining Japan book, but relegated to the webiste at the last minute in the wake of the 3/11 disasters.