Chart of the week: Iran’s ‘sanctions-subsidised’ bubble

Iran's Tedpix indexIran’s stockmarket is soaring – but its not based on a healthy economy. GDP shrank by 5.4% in the past year.

Due to Western sanctions against Iran, local money can’t be invested overseas and thus has nowhere else to go. High inflation also makes the index look healthier than it really is, boosting the nominal price of stocks although their real value hasn’t risen.

Tehran’s market is in a “sanctions-subsidised… bubble”, says Paul Sullivan of America’s National Defense University.

Paul Hodges: house prices could fall 50% in 'Great Unwinding'

Merryn Somerset Webb interviews Paul Hodges about deflation, the global economy's 'Great Unwinding', and how Britain's house prices could halve.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


28 January 1896: The world's first speeding ticket

119 years ago today, motorist Walter Arnold was caught tearing through Paddock Wood in Kent at a hair-raising 8mph, and became the first driver in the world to receive a speeding ticket.