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Could it be that Buffett sees a more cosmopolitan Japan filling a crucial new role?
Warren Buffett
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It would end up owning enough of the Japanese economy to gladden the heart of Karl Marx
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Back in 2002 Ben Bernanke recommended the deployment of “helicopter money” – meaning a broad-based tax cut financed by the central bank – as the best cure for deflation.
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What havoc might result if the Chinese authorities were to stage a large-scale currency depreciation?
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“Would you rather be the world’s best lover but have everyone think you’re the world’s worst? Or would you rather be the world’s worst…”