Doomsday clock approaches midnight

The inverted yield curve on US Treasuries spells trouble for investors. Alex Rankine reports.

961-Walmart-634

Walmart's latest results suggests US shoppers will go on spending

"The nearest thing the global economyhas to a doomsday clock" has "ticked a little closer to midnight," saysRobin Wigglesworth in the Financial Times. Last week the US yield curve which plots the interest rates on Treasury bonds of different maturities inverted for the first time since the summer of 2007. That means that the US government briefly had to pay less to borrow money for ten years than for two years.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.