Towards a Multipolar World
The United States took over from the United Kingdom as the world’s most powerful nation in the early 20th century. Not only politically and militarily, but also culturally. In retrospect, [...]
Japanese surprise
It was inevitable that the Bank of Japan would adjust its monetary policy. At the time of Yield Curve Control (YCC), a central bank commits to price, not quantity. This means that when interest [...]
The peak in inflation
The direction of financial markets at the moment is mainly determined by interest rate movements. Whereas rising interest rates first caused price losses, falling interest rates are now causing [...]
2023: The year of the yen
Ten years ago, a Japanese with 10,000 yen could buy a $132 product in the United States, now a product of only $71. Conversely, Japan has become cheaper and cheaper for tourists. Ten years ago, [...]
Turn in the dollar
While the price explosion in the US stock market last week looked spectacular, the fall in the dollar was equally spectacular. Now, there are always many different factors affecting currency [...]
US Elections
On Tuesday, November 8, Americans may go to the polls. 435 new members of the House of Representatives will be elected. Currently, 220 House seats are held by Democrats and 212 by Republicans [...]