The political consequences of the Brexit poll may be messy, but markets are surprisingly resilient, says John Stepek. There may be some fallout, but normal service will soon be resumed.
Articles written by John Stepek
The pound and stockmarkets have crashed in the wake of the EU referendum. But don’t panic – this isn’t the disaster it’s being made out to be, says John Stepek.
Global markets have gone into a panic at the result of the EU referendum. But that doesn’t mean you should too. John Stepek looks at what it means for your investments.
A new report warns that recent changes to buy-to-let rules mean London house prices are about to get hammered. John Stepek explains why.
The popular view of the global economy is that we’re experiencing a “new normal” – low yields, low productivity and long-term stagnation. But, says John Stepek, that’s not necessarily true.
Fear of economic stagnation is wreaking havoc in the markets. But it is nothing new. We didn’t see a “new normal” in the past, and we’re not seeing one now.
Global bond markets saw yields plumb new lows this week, driven by central banks’ loose monetary policies. So what will they do now, asks John Stepek? Admit they’re wrong, or double down?
There are risks on both sides, but the jittery narrative about a post-Brexit Britain contains hidden assumptions that don’t bear scrutiny, says John Stepek.
The US Federal Reserve isn’t about to raise interest rates, and you can forget about a rate rise this side of summer. That, says John Stepek, is good news for this once contrarian play.
From Brexit to Trump, voters are increasingly turning to populist solutions that could have dramatic effects on the markets. Investors will have to keep a very close eye on things.