Lessons from japan

As expected, the US government shutdown came to an end in the customary way: both parties agreed to keep spending other people’s money. But do our leaders know what they are doing? And how much of wha

“Markets appear to have their mojo back,” says The New York Times Dealbook. Shares on Wall Street wobbled at the end of last week, with even strong results from AI chip champion Nvidia failing to calm

“All government leaders know what to do. They just don’t know how to get re-elected if they do it.” Jean-Claude Juncker, the former president of the European Commission, said little of note in his pol

With the election of a socialist to the position of mayor, New Yorkers are trying to escape one toxic fantasy by plunging headfirst into another. They jump from the caldarium – a muscled-up fantasy of

Global markets and the new illiberalism

THREE YEARS OF EUPHORIA IN STOCKS AND OTHER ASSETS HAVE INVESTORS BRACING FOR TROUBLE. HERE’S WHAT TO DO IF BAD NEWS ARRIVES.