First, stocks swooned. Then they began to rise again, as governments and central banks unloaded their fiscal and monetary arsenal – the latter reckoned to add up to several trillion dollars in aggregate. Last week, investors experienced a reality check, as a slew of key
Fiesole, in the hills above Florence, felt very empty in 1348. As Boccaccio described in The Decameron, this was because the locals had gone into self-isolation to avoid catching and passing on the plague. But his work, in which a group of ten young Fiesole women
In only a few short days, we have entered into the unknown. Government measures have brought immense changes to our daily lives, with social distancing, school closures upending our sense of normality. This week, over 1.5 million vulnerable people are being told to self-isolate for
Amygdala or prefrontal cortex: which part of the brain tends to win out on markets? As indices around the world have fallen into (and sometimes back out of) bear territory in recent days, you might have thought the big question for investors was what exactly the
COVID-19 continued its global spread last week, as policymakers and health officials began to spell out some highly disruptive plans; meanwhile, infection numbers continued to rise, and are now approaching 110,000 cases. As a result, investors sought out the safety of government bonds; the 10-year
These are costly times, in human terms first and foremost, but also in economic terms. As the new coronavirus continued to spread last week, eleven towns in northern Italy were placed in quarantine, ten of them in Lombardy, a region that accounts for 22% of
‘Ignorance is bliss’, goes the old Japanese proverb – or, translated literally, ‘not knowing is Buddha’. In this age of statistical overload, such ignorance is hard to come by, and didn’t Tokyo know it last week. The Japanese government came under pressure for its quarantining of
Tired of the roses, the ‘romantic menus’ and the pushy violinists? Blame Geoffrey Chaucer and Margery Brews. In 1382, Chaucer became the first to link the saint's day with romantic love in his Parlement of Foules. In 1477, Margery Brews, a Norfolk woman, sent the earliest
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you
Will auld acquaintance be forgot? Last week, the Withdrawal Agreement was voted into law in the European Parliament, followed by hugs and promises of return from some UK MEPs, and flag-waving and whoops of jubilation from others. The session closed with a rendition of 'Auld Lang
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