Money is set to flow back from East to West – here's how to play it

As inflation surges across the globe, bringing unrest in its wake, investors are starting to seek safer havens once again. John Stepek looks at what this means for your portfolio.

Life used to be easy for central banks. You could keep interest rates as low as you liked.

Cheap goods from China would do the hard work of keeping consumer price inflation in line for you. Meanwhile, the majority of the electorate would be kept happy with rising house prices. Or at least kept busy, trying to earn enough to afford to buy a house.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.