Investors’ irrational behaviour means we will never be rid of “boom and bust” – buying high and selling low is etched into our DNA. Here’s what it means for markets.
Articles written by John Stepek
The US dollar matters. And it has reached a turning point, says John Stepek. Where it goes next could shape the markets for months to come.
It’s important to emphasise just how important former US Federal Reserve chairman Alan Greenspan has been in shaping our current screwed-up financial system, says John Stepek.
Even if you are sceptical about ethical investing, it’s worth being aware of its growing popularity with big investors, says John Stepek.
The Czech central bank has raised interest rates by 400%. But the UK won’t see higher rates anytime soon. John Stepek explains why, and what it means for your money.
Our low-rate world has meant income-starved investors are ignoring risk in their desperation to get a decent yield, says John Stepek.
Investors have snapped up Iraqi government bonds yielding just 6.75%. If they’ll ignore the obvious risks for such a small return, asks John Stepek, what else are they ignoring?
The Bank of England slashed interest rates and flooded the economy with cheap money. Now it’s worried about dangerous levels of debt. Could the two be connected, asks John Stepek?
Tobacco stocks have been staggeringly successful in recent decades. But the industry is now facing real competition. Its run could be about to end, says John Stepek.
If you are at all interested in where asset prices are heading next, then you have to pay attention to the price of the world’s reserve currency, says John Stepek.