Nimesh Palihawadana

Charles Dickens fought his depression by walking through London at night. One October he set out at 2 in the morning and walked 30 miles, all the way to his country home in Kent. In 1860 he wrote about why it worked. It took psychology another 150 years to catch up. Dickens called his bad spells "spectres." They came back every time he started a new novel and sometimes hung on for months. His mood would fall apart, his sleep would collapse, and the only thing that pulled him out was walking. He explained his method in an essay called "Night Walks," published on July 21, 1860 in his weekly magazine All the Year Round. He had tried fighting his insomnia from bed and lost. So he changed the plan. The fix, he wrote, was "getting up directly after lying down, and going out, and coming home tired at sunrise." A worried mind cannot fix itself by worrying more in bed. You have to get up and move. Most nights he walked 12 to 20 miles. A friend called it "violent walking." Dickens wrote that on these walks his wandering self had "many miles upon miles of streets in which it could, and did, have its own solitary way." Today, walking is one of the most powerful tools doctors have against depression. In 2012 a team of researchers pulled together eight high-quality studies of walking as a depression treatment. The effect was as strong as the antidepressants doctors actually prescribe. The biggest test came from Duke University. The SMILE study took 202 adults with serious depression and split them into four groups: supervised exercise, home exercise, the drug Zoloft, or a placebo pill. After 16 weeks, the people who exercised did just as well as the people on Zoloft. A 2024 review of 75 studies covering 8,636 patients confirmed it. Walking should be one of the first things doctors try. The reason is the thing Dickens stumbled onto in the dark. Depression runs on rumination, the looping bad thoughts that grind people down during the worst stretches. In 2015 Stanford researchers scanned people's brains before and after a 90-minute walk in a quiet park. The walkers had less activity in a part of the brain called the subgenual prefrontal cortex. That spot, deep behind your forehead, is the brain's worry loop. After the walk, the worry loop got quieter. The walkers said they felt less stuck inside their own heads. The brain scans agreed. A walking body shuts up a noisy mind. The street takes attention, the walking rhythm fills the head, and the dark spells lose their grip. Dickens called the streets his cure because they gave his brain somewhere else to be. The science 150 years later says he had it right. Depression hates a brain that is moving.

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Rate hikes in Asia in 2026: +75bps: Australia from 3.6% to 4.35% +0: The Philippines raised rates 25bps recently from 4.25% to 4.5% but actually cut in Q1 so net no increase. -25bps: Thailand to 1% from 1.25% MAS tightened FX; rates fell. So who's next in hiking? You bet a lot of Asian central banks. The BOT for sure will need to reverse that rate cut.