Who will replace Abe Shinzo after his resignation owing to illness?
Editor’s note: Since this article was published, Abe Shinzo has announced his resignation because of ill healthFOR ABE SHINZO August 24th was supposed to be a celebration. It was his 2,799th straight day as Japan’s prime minister, making him the longest-serving in the country’s history, surpassing a record set by his great-uncle, Sato Eisaku. Instead,…
Why, despite the coronavirus pandemic, house prices continue to rise
Monetary policy, fiscal measures and buyers’ preferences explain the unlikely boomSep 30th 2020DURING THE global recession a decade ago, real house prices fell by an average of 10%, wiping trillions of dollars off the world’s largest asset class. Though the housing market has not been the trigger of economic woes this time, investors and homeowners…
For fixed-income investors, hell is other bondholders
Aug 29th 2020ALTHOUGH OLD enough to feel nostalgic about classic video games, Buttonwood was never a fan of Pac-Man. Yes, eating pellets and eluding colourful ghosts made a change from shooting waves of space invaders. But the game never grabbed him. And its name made no sense. The original, “Puck Man”, was apparently altered to…