Perspectives Pictet

Dec. 19 (Bloomberg) -- Thomas Costerg, a European economist at Standard Chartered Bank Plc, talks about shocks to the euro-zone economy in 2012. He speaks with Owen Thomas on Bloomberg Television's "On the Move."

Dec. 19 (Bloomberg) -- Thomas Costerg, a European economist at Standard Chartered Bank Plc, talks about shocks to the euro-zone economy in 2012. He speaks with Owen Thomas on Bloomberg Television's "On the Move."

The economic environment from developed countries changed radically in 2008, shifting from the Great Moderation with stable public debt and growing economies to the Great Divergence where public debt and economic growth pull in different directions. Christophe Donay, Chief Strategist at Pictet Wealth Management, explains the reasons behind this shift and the impact for investors on their asset allocation.

Master Su discusses researching "how to strike/hit" (打ち方). The point of this portion of the seminar - as I understand Master Su - is to study the opponent's stance in particular, and in training to research stances in general. This implies, to my understanding, that the question of "how to hit" is actually "how to hit this opponent considering what he is doing right now." The example here is the Hsing Yi Chuan "Santi" stance (形意拳三体). Underlying this idea is recognition that each stance has...