From time to time, journalists turn up in Zug tasked to write stories of affluence and privilege for the UK media. They search fruitlessly for the spoors and watering holes of the rich, the exclusive bar, or shop or restaurant. They trudge the streets – and this doesn’t take very long in compact Zug – [...]
Archive for December, 2011
Zug millionaires are non-practising
Posted in Life in Heidiland, Zug, tagged financial journalism, heidiland, Zug on December 15, 2011 | 3 Comments »
Inflation on its head?
Posted in Uncategorized on December 4, 2011 | Leave a Comment »
People ask me about inflation in the 70s and 80s, usually because they want to position themselves advantageously for the inflation they now anticipate. “The only solution to all the debt is to have inflation” they say. But the inflation of the 70’s felt like deflation. Although retail prices and incomes were rising fast, real [...]
