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.
Articles written by John Stepek
The US dollar fallen back a fair bit since mid-August. John Stepek looks at what that means for the global economy, plus all the other charts that matter.
It’s been ten years since the start of the global financial crisis. John Stepek looks at how that’s affected the economy, politics and the social contract today.
In an IPO (initial public offering), the odds are stacked against you. The seller has more knowledge than you do. So why bother?
The mess in emerging markets is spreading beyond Turkey and Argentina. John Stepek looks into how things have got so bad, and what’s likely to happen next.
UK house prices are growing at their slowest rate for five years. John Stepek explains what’s behind the slowdown, and why it’s good news for everyone.
As the world’s reserve currency, the US dollar underpins the global economy – its rise and fall determines how markets move. John Stepek looks at why it matters so much.
Those who say that passive investing represents the “blind” allocation of capital have a point, says John Stepek. But it’s not like active fund managers were very “active” to begin with.
John Stepek looks at what the charts that matter most to the global economy make of the week’s events, including the pressure the dollar is putting emerging markets under.
On the face of it, now might look like a great time to snap up a bargain in Turkey. But is it worth the risk, and could better deals lie elsewhere? John Stepek investigates.