389: Our 2026 investment outlook – the CIO call

This book explores how carry trading has become a dominant force in the global economy, leading to patterns of slow growth and frequent financial crises. It delves into the mechanisms of carry trades, particularly in currency and stock markets, and discusses their implications for economic stability and wealth distribution. The authors argue that central bank policies have amplified these effects, creating a volatile financial environment.

In 'Chip War', Chris Miller details how the semiconductor industry has become essential for modern life, influencing military, economic, and geopolitical power. The book explores the historical development of microchips, from their origins in Silicon Valley to their current role in global politics, particularly in the competition between the United States and China. Miller explains how the U.S. dominance in chip design and manufacturing contributed to its victory in the Cold War and how China's efforts to catch up are shaping the current geopolitical landscape.

Noble House, set in 1963 Hong Kong, is a novel by James Clavell that follows Ian Dunross, the 10th tai-pan of the Struan's trading company, as he attempts to rescue the company from financial ruin. The story is intertwined with espionage, high-stakes business deals, and the complex socio-political landscape of Hong Kong. Dunross must navigate a hostile takeover by his rival Quillan Gornt, deal with Soviet spies and Hong Kong's criminal underworld, and manage personal and professional alliances. The novel explores themes of greed, power, and the complexities of international business, set against the backdrop of natural disasters, bank runs, and stock market upheavals.