Two things last week that made me go “hmmm”. Firstly: having written a blog on the impact of El Nino on global inflation (here), Anthony was contacted by a company who then came in to see us to discuss their business. Using data from NASA and EU satellites, they produce earnings estimates for retailers, and forecast economic data. By counting cars in Big Box parking lots from space, they gen…Read the article
Richard Koo popped by our office a few weeks ago to discuss his most recent book The Escape from Balance Sheet recession and the QE Trap. You can see the interview here. We asked who was the Japanese prime minister in 1997 who oversaw arguably Japan’s biggest policy error post the collapse of Japan’s debt fuelled bubble, and the answer was Ryutaro Hashimoto.
It is perhaps a little harsh to im…Read the article
For years the Western world mocked Japan’s attempts to recover from its spectacular debt-fuelled boom and bust, blaming the Bank of Japan for doing far too little and far too late, and lamenting Japanese fiscal stimulus as extreme recklessness, where the only achievement has been to propel Japan’s debt levels into the stratosphere.
Now, seven years after much of the developed world’s own debt …Read the article