In a normal world, central banks raise interest rates to keep inflation in check. But even with UK inflation ticking up, we won’t see a rate rise anytime soon.
Articles written by John Stepek
The Federal Reserve, America’s central bank, is slowly raising interest rates. But that doesn’t mean it’s going after inflation, says John Stepek. It may have other targets in mind.
Fracking for oil has made the US energy independent. Its effects have spread far beyond the energy markets, says John Stepek, shifting the global economy’s balance of power.
Ten years ago today, the financial crisis exploded onto the front pages. John Stepek looks at the charts that matter to find out what, if anything, has changed since then.
John Stepek examines why investment bank Lehman Brothers went bust ten years ago and asks: should it have been saved, and would things have been any different if it had?
If enough investors were in passive funds, markets wouldn’t work properly. Is that where we are now?
A decade on from the collapse of Lehman Brothers, it doesn’t look like we’ve learnt any of the lessons of the credit crunch. But the next crisis won’t look the same as the last one, says John Stepek.
During the 2008 financial crisis, taxpayers had no choice but to underwrite the entire banking industry. And we’re still doing it, says John Stepek.
Ten years ago, the banks brought the global financial system to its knees. John Stepek looks at what lessons – if any – have been learned since then.
The 2008 financial crisis was a result of “moral hazard” – individuals did not bear the full consequences of their actions. Nothing much has changed since then, says John Stepek.