How will we repay our vast debt pile? Do we even need to?
How will we repay our vast debt pile? Do we even need to?
In his recent articles looking at different aspects of the fixed-income investing world, David Stevenson looked at inflation. Today he looks at a clos…
19 Oct 2020
A world drowning in debt
A world drowning in debt
The UK budget deficit is on course to hit £350bn, and America’s federal deficit has hit a record $3.1trn. But the debt surge is a truly global phenome…
16 Oct 2020
The charts that matter: it’s all about the stimulus
The charts that matter: it’s all about the stimulus
John Stepek looks at how homes of a pre-election stimulus deal in the US have affected the charts that matter most to the global economy.
10 Oct 2020
Why would anyone ever buy a 100-year bond?
Why would anyone ever buy a 100-year bond?
Earlier this year, the Austrian government placed a €2bn bond issue with a yield of 0.88% – for 100 years. David Stevenson asks why any investor would…
5 Oct 2020
I wish I knew what a bond was, but I’m too embarrassed to ask
I wish I knew what a bond was, but I’m too embarrassed to ask
When thinking of investing many people automatically think of the stockmarket. But there is another market – the bond market. So what exactly is a bon…
29 Sep 2020
The charts that matter: has the dollar’s rally paused, or is it over?
The charts that matter: has the dollar’s rally paused, or is it over?
The US dollar ended the week higher, although off its highest point. Is that it? John Stepek looks at how it's affected the charts that matter most to…
12 Sep 2020
The charts that matter: a correction for gold and better news on US jobs
The charts that matter: a correction for gold and better news on US jobs
Having ended on a record high last Friday, gold took a big tumble this week. John Stepek looks at the gold price chart, along with the others that mat…
15 Aug 2020
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The charts that matter: precious metals, longevity and a cure for baldness
The charts that matter: precious metals, longevity and a cure for baldness
As the gold price presses on to new highs, John Stepek looks at he charts that matter most to the global economy.
8 Aug 2020
Is the bond market wrong about inflation?
Is the bond market wrong about inflation?
The bond rally suggests that markets are sanguine about inflation, but the gold rally suggests inflation is a real threat.
7 Aug 2020
The eurozone takes a big step forward towards fiscal union
The eurozone takes a big step forward towards fiscal union
The European Union’s coronavirus recovery plan and its decision to issue joint debt will change the bloc forever.
23 Jul 2020
What do high levels of government debt mean for equities and bonds?
What do high levels of government debt mean for equities and bonds?
SPONSORED CONTENT - The situation may not be as bad as it looks.
17 Jul 2020
The charts that matter: a week of two halves
The charts that matter: a week of two halves
After a week in which the markets shot up, then crashed back, John Stepek looks at how the charts that matter most to the global economy look now.
13 Jun 2020
The charts that matter: the green shoots of global recovery?
The charts that matter: the green shoots of global recovery?
With US employment data coming in much better than expected, John Stepek looks at how that’s affected the charts that matter most to the global econom…
6 Jun 2020
The charts that matter: the US and China – the calm before the storm?
The charts that matter: the US and China – the calm before the storm?
John Stepek looks at how the rising tension between the US and China over Hong Kong has affected the charts that matter the most to the global economy…
30 May 2020
Gilt yields head below zero
Gilt yields head below zero
Yields on gilts – UK government bonds – have gone negative, meaning investors are paying the Treasury to borrow money from them.
28 May 2020
Curiouser and curiouser: 20 years in the markets
Curiouser and curiouser: 20 years in the markets
Central banks have been interfering with market and economic cycles for two decades, undermining capitalism and storing up huge trouble for the future…
21 May 2020
The bond bubble keeps inflating
The bond bubble keeps inflating
Most major stockmarkets remain down on the year, but government bonds continue to gain ground.
15 May 2020
The world's massive debt pile will be inflated away
The world's massive debt pile will be inflated away
The huge pile of government and corporate debt is likely to be dealt with by a combination of high taxes, financial repression and inflation.
1 May 2020
The charts that matter: recession is here – how deep it will get?
The charts that matter: recession is here – how deep it will get?
After a week in which US unemployment claims topped six million, John Stepek looks at how the charts that matter most to the global economy are lookin…
4 Apr 2020
The charts that matter: the helicopters are unleashed
The charts that matter: the helicopters are unleashed
In a week when all sense of what's normal went out the window, John Stepek looks at what's happened to the charts that matter most to the global econo…
21 Mar 2020
The corona crisis will mark the end of the longest-running trend in markets
The corona crisis will mark the end of the longest-running trend in markets
With politicians and central bankers enthusiastically embracing money printing and a recession almost certainly not too far off, the slide in bond yie…
20 Mar 2020
Is this the last hurrah for the government bond bubble?
Is this the last hurrah for the government bond bubble?
Traditionally, the government bond market is one of the most boring on the planet. Not any more, says John Stepek. Things have blown up big time. Here…
9 Mar 2020