BUSINESS CLASS: Diamond digs

This week our travels take us to the real estate markets of the rich and famous, where we find abandoned New England mansions and the palace of King Leopold II – which for one Russian oligarch became a castle in the air.

So this is a recovery. The stock market is stabilising, but don't bet on it. Jobs growth is strengthening, but not enough to convince us that business leaders are really-and-truly backing a rally. And debt is being piled upon debt as treasury departments around the world lie back and think of... well, England.

As Time magazine's Curious Capitalist so eloquently puts it, "the great stew of recent economic statistics seems to justify but one conclusion: This recovery will be uneven, disjointed and chocked full of surprises."

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