To the astonishment of financial market observers, who aren’t used to this sort of honesty, China’s central bank boss warned against getting overoptimistic, for fear of a “Minsky moment”.
Articles written by John Stepek
John Stepek looks back at Florida’s property boom of the 1920s – and the inevitable crash that followed.
Many fear that passive investing could lead to the next stock-market crash. Are they right to worry, asks John Stepek.
In a week of anniversaries, some things haven’t changed, says John Stepek. Except that today’s investment environment is far trickier.
The rise of the electric car has seen big advances in battery technology. But the real game changer is renewable energy, says John Stepek.
Upheaval in the car industry could affect demand for one precious metal commonly found in cars today. John Stepek explains why, and how to play it.
High levels of debt can cripple an economy. And our cycle of property boom and bust means the most dangerous form of debt is the mortgage. John Stepek explains why.
John Stepek looks at more evidence for investing in Japan. Plus, the rest of the charts that matter.
In the latest in his series of stockmarket crashes from history, John Stepek looks at the original “Black Friday” of 1866, and what it tells us about today’s financial system.
Richard Thaler’s contributions to understanding contribution to behavioural economics won him a Nobel prize. John Stepek explains what behavioural economics is, and how it can help you invest more profitably.