Resilient Investing for Uncertain Times

To Our Readers, Welcome to "The Philosophy and Practice of Life Investment." In this series, we redefine "investment" not merely as an activity to grow assets, but as a philosophy to protect your "Mental Stability" and "Freedom of Time" throughout your life. In modern society, many people are worn out by "investment fatigue," constantly reacting to market news. We offer an unwavering system to help you escape this state, build wealth calmly yet surely, and maximize your Life's Yield (Happiness) . Across 16 comprehensive parts, we will construct a unique strategy that is guided entirely by logic and discipline—from setting your ultimate goal to defining the specific rules for buying and selling. What You Will Achieve Through This Series Ultimate Mental Stability: Establishing the "Non-Depleting Strategy" to virtually eliminate the fear of running out of assets ( Sequence of Returns Risk ). Freedom of Time: A fully ...

Period　November 23–29, 2025 Key Economic Indicators US Conference Board Consumer Confidence (Nov): 88.7 vs around 93.4 expected / Fourth consecutive decline on concerns about inflation and jobs, pointing to downside risks for consumption and a higher probability of recession. Tokyo Core CPI (Nov): +2.8% y/y vs +2.7% expected / Inflation in the capital remains above the BoJ’s 2% target, keeping expectations alive for gradual policy normalisation and potential medium-term support for the yen. Japan Monthly Economic Report (Nov): Overall view kept at “moderate recovery,” with private consumption “picking up” for the third month / Together with the large supplementary budget, this supports domestic demand but raises questions over long-term fiscal sustainability. ECB October Meeting Account: Policy rate left on hold, with minutes stressing two-sided inflation risks and the value of a wait-and-see stance / This limits near-term easing expectations and anchors euro-area yiel...

Observation period: Sunday, November 23 – Saturday, November 29, 2025 【Overview】 This week, we reviewed global market liquidity, AI-bubble–related developments, and key investor sentiment indicators. This report is designed as a weekly fixed-point observation to detect early warning signs of a bubble burst, by monitoring seven major categories on a recurring basis. 【Observation Categories】 1. Macro Financial Environment U.S. 10-year Treasury yield / real yield (TIPS) Balance sheet trends of major central banks (Fed, ECB, BoJ, etc.) Policy rates and yield curve steepness/inversion High-yield spread (HY OAS) TED spread / liquidity indicators Signs of policy shifts at major central banks [Assessment] Stable [Summary] This week the U.S. 10-year yield traded around 4.0% (slightly down from the low 4.1% range the previous week) , while the dollar index weakened, marking the worst weekly performance in about four months. This points to somewhat easier conditions ...