It’s time to take some profits

Japan’s politics are unstable (see page 4), the yen is trading at multi-decade lows against most major currencies, long-term government bond yields have soared, and inflation is picking up again. Yet

Issue of the week: Trump’s Asian tour Markets ...

Gold succumbed to gravity this week. After a phenomenal surge – almost 30% in two months – it slipped by 6.3% on Tuesday, the biggest daily fall since 2013 (see page 4). Good. As gold bugs we like to

Britain’s investment establishment is firmly convinced that the US market – and in particular the technology-centric “Magnificent Seven” stocks – are an investment bubble that is destined to implode a

History may merely rhyme, rather than repeat itself, but it certainly often offers a neat sense of symmetry. When this magazine launched on 4 November 2000, air was hissing loudly out of the dotcom bu

After World War II, America and its allies put in place a set of alliances, institutions and power structures to rebuild war-ravaged countries, create geopolitical stability and generate global econom