Mr Bearbull 

Mind boggling

Mr Bearbull

Mr Bearbull

A seminal moment came along last week. It bore a close resemblance to another that hoved into view late in 1989. Back then, some terribly clever financial analyst came up with the notion that the Imperial Palace in downtown Tokyo – all 0.4 square miles of it – was more valuable than every brick of real estate in California, whose area runs to about 164,000 square miles.

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