Abe himself is considered a “nationalist”, which is simply a way of saying a patriot that you don’t like
Rather like a Zen master shattering the preconceptions of his acolytes, he shocked the markets by doing precisely nothing…
The yen has acted as a financial version of the “wind of the gods” – the fortuitous typhoon that destroyed the fleet of Kublai Khan
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.
Remarkably even Zimbabwe, once the poster-child for hyperinflation, is now in deflation
What havoc might result if the Chinese authorities were to stage a large-scale currency depreciation?
The UK and France added a few extra percent to their GDPs by including drug-dealing, prostitution and smuggling.
Fear of shortages may be hard-wired in the human brain, leading us to worry about threats that are fading and downplay those that loom large.
Today’s China resembles a blurry overlay of at least three different phases of Japan’s historical trajectory
We have something akin to a poorly microwaved pizza — parts are still frozen and parts hot enough to blister your lips.