The charts that matter: the dollar bounces, bitcoin soars, Tesla roars

As bitcoin and Tesla go stratospheric and the US dollar rebounds, John Stepek looks at the charts that matter most to the global economy.

In our first issue of MoneyWeek magazine for the New Year, we turn to a subject that has been strangely absent from the headlines given what a big story it was for so long – Brexit, and the deal struck between Britain and the EU just before Christmas. Is it any good? Does it draw a line under the Brexit discussion? Where do we go from here? It’s all in the latest issue – get your first six mags free when you subscribe.

In this week’s podcast, Merryn and I marvelled at bitcoin, railed at Tesla, and wondered at just how much more manic things can get before a crash – surely – arrives to deliver a reality check to markets (in the US at least). We also decided that a one-off debt write-off would probably be the best way out of our economic mess, even although it comes fraught with difficulty. Have a listen here.

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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.