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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
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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.
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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
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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.
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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…”
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The Bank of Japan’s decision to adopt an inflation target and double its bond purchases completes the global flight to soft money.
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It wasn’t supposed to happen this way. The biggest surprise for equity investors in 2011 was not the weakness of the crisis-ravaged European markets, but the carnage in the stock markets of the emerging economies.
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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.
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In Havana’s Plaza Vieja (old square), a pavement artist produces a sketch of me containing two features that are purely imaginary. One is a nose long enough to stir a mojito; the other is a hat-band proclaiming “Cuba Must Survive.”
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Warren Buffet visited Japan for the first time in November. At the press conference journalists blinked in disbelief at his breezy assertion that their grandchildren…