In recent months we have highlighted developments in Australia, another economy whose very rapid rates of house price growth in recent years appear to have left its housing market significantly overvalued and vulnerable to a …
Nothing has happened to change our view that the dollar has now commenced its next big move down. In the short term, this will be helped by the expectation of at least a lull in …
We all listen to what we want to hear, especially in the West. Here most economies are dominated by the services sector, so we enjoy a sedentary and office-bound existence; liberal political systems have given …
Dependence is not usually a source of contentment, especially in the case of nations. Turkey, with one of the most oil-dependent economies on the face of the earth, has bitter experience of how surging energy …
Koizumi’s LDP won a landslide in elections to the lower house of the Japanese parliament. At first sight this outcome is everything the markets wanted: a decisive result which ends political uncertainty, the re-election of …
The world’s largest economy is vulnerable on so many fronts. In the US, social emphasis is being placed on protecting ourselves against terrorists and the threats of nuclear and chemical attack. But perhaps an equally …