陶冬：高市受挫，但机会仍在

Group 1 - The article discusses the political turmoil in Japan following the election of high-profile politician Takashi Hayashi as the new leader of the ruling Liberal Democratic Party, which has implications for the stability of the government and potential coalition formations [1][2] - The potential paths for the future Japanese Prime Minister include forming a coalition with opposition parties or facing early elections, with the current low public support for the ruling party making early elections unlikely [2][3] - Hayashi's political strength is questioned due to her lack of a solid political base, despite having the support of influential party elders, which complicates her ability to form a stable government [2][3] Group 2 - The article highlights the significant rise in gold prices, surpassing $4000 per ounce, driven by investor anxiety over debt and the Federal Reserve's credit issues, with a notable increase of over 20% in the past two months [3][4] - Central banks have become major buyers of gold, indicating a lack of confidence in fiat currencies, contrasting with previous years when they sold off gold due to perceived lack of returns [4][5] - The article suggests that despite recent tightening of credit by central banks, the era of credit expansion is far from over, with ongoing deficit spending likely to keep gold prices rising in the long term [5][6]