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The Economist

Financial markets are in trouble. Where will the cracks appear?

The first big test of a new-look financial system

Published on 4 October 2022 | 9:20 pm

Credit Suisse and the hunt for the weakest link in global finance

The firm will not be the last to come under pressure as economies wilt

Published on 3 October 2022 | 7:40 pm

America’s economy is too strong for its own good

Despite market turmoil, the Fed is set on relentless rate rises

Published on 2 October 2022 | 6:43 pm

Global rate rises are happening on an unprecedented scale

Their cumulative impact may be greater than expected

Published on 29 September 2022 | 2:45 pm

Economists now accept exchange-rate intervention can work

But it will not save the pound or yen

Published on 29 September 2022 | 9:15 am

Japan’s monetary policymakers are sticking to their guns

The falling yen is not just their problem

Published on 29 September 2022 | 9:07 am

Financial markets are in chaos. What next for the real economy?

Everyone is watching America

Published on 29 September 2022 | 9:02 am

Investment banks are sharpening the axe

Which of their workers are first on the chopping block?

Published on 28 September 2022 | 4:08 pm

Financial markets enter a dangerous new phase

A strong dollar and surging interest rates are causing havoc

Published on 26 September 2022 | 6:39 pm

The world enters a new era: Bail-outs for everyone!

How governments came to underwrite the entire economy

Published on 25 September 2022 | 6:29 pm

Why Wall Street is snapping up family homes

The opportunity is unprecedented, but comes with risks

Published on 22 September 2022 | 10:24 am

Peter Thiel says California suffers from a “tech curse”. Is he right?

The state is fabulously rich and fabulously dysfunctional

Published on 22 September 2022 | 10:23 am

Households across the rich world have never been so gloomy

They seem to be suffering from a covid-19 comedown

Published on 22 September 2022 | 10:21 am

How to rebrand stockmarket indices

An adman’s pitch to an asset manager

Published on 22 September 2022 | 10:14 am

Do lawmakers beat the market?

New funds will allow average Americans to invest like politicians

Published on 22 September 2022 | 10:13 am

Dubai is the world’s resurgent entrepot

An influx of Russians shows how the emirate gains by playing all sides

Published on 22 September 2022 | 9:35 am

As America raises rates, the rest of the world bears the pain

The Federal Reserve’s latest lift offers little help for the global economy

Published on 21 September 2022 | 8:41 pm

A global manufacturing slowdown suggests worse is to come

Recession would be brutal for countries that have still not recovered from covid-19

Published on 21 September 2022 | 5:23 pm

China’s rulers seem resigned to a slowing economy

Gone are the days when they led the world in recession-busting

Published on 20 September 2022 | 6:12 pm

Against expectations, covid-19 retirees are returning to work

Pensioners across the rich world are following Tom Brady’s example

Published on 15 September 2022 | 10:20 am

Richer societies mean fewer babies. Right?

A guide to the new economics of fertility

Published on 15 September 2022 | 10:18 am

The latest in a venerable American tradition: Goldman-bashing

Jamie Fiore Higgins draws attention to some despicable behaviour

Published on 15 September 2022 | 10:13 am

Why investors should forget about delayed gratification

Distant profits are worth less and less these days

Published on 15 September 2022 | 10:10 am

The European Commission searches for a gas-price villain

And settles on a once obscure market

Published on 15 September 2022 | 10:07 am

China’s plunging energy imports confound expectations

A revival would cause problems—and not just for Europe

Published on 15 September 2022 | 9:37 am

America still has an inflation problem

Markets reel from the latest figures

Published on 13 September 2022 | 2:35 pm

China’s Ponzi-like property market is eroding faith in the government

Its meltdown could scarcely come at a worse time for Xi Jinping

Published on 12 September 2022 | 7:16 pm

Why the dollar is strong and why that is a problem

Every fresh lurch upwards prompts some big questions

Published on 8 September 2022 | 9:55 am

Europe’s energy market was not built for this crisis

It must be reformed without jettisoning what makes it work in normal times

Published on 8 September 2022 | 9:42 am

Emerging-market stocks are struggling in an intangible world

Firms need better protection from copycats

Published on 8 September 2022 | 9:09 am

The future of crypto is at stake in Ethereum’s switch

Can decentralised networks reform themselves?

Published on 6 September 2022 | 9:17 pm

The digital yuan offers China a way to dodge the dollar

In Beijing, officials are preparing for conflict

Published on 5 September 2022 | 7:01 pm

Distressed-debt investors are preparing to pounce

Unlike in the global financial crisis of 2007-09, they will not have things all their own way

Published on 1 September 2022 | 10:25 am

Why investors are reaching for the astrology of finance

That technical analysis is in vogue indicates a certain uneasiness

Published on 1 September 2022 | 10:23 am

Europe scrambles to protect consumers against dizzying energy prices

Taxpayers are about to be hit by an enormous bill

Published on 1 September 2022 | 9:53 am

China and America’s long-awaited audit deal may yet fail

But it at least suggests Beijing still sees some value in links with America

Published on 1 September 2022 | 9:49 am

Europe is heading for recession. How bad will it be?

Its inflation shock is coinciding with an economic downturn

Published on 31 August 2022 | 8:49 pm

Vast corporate profits are delaying an American recession

Strong pricing power for firms makes the economy more resilient

Published on 30 August 2022 | 6:26 pm

Central bankers worry that a new era of high inflation is beginning

There are three reasons to believe that may be the case

Published on 30 August 2022 | 5:20 pm

The missing pandemic innovation boom

Digitisation and new ways of working were meant to unleash productivity growth. What went wrong?

Published on 28 August 2022 | 2:06 pm

How to avoid energy rationing

Politicians should pay attention to the latest economic literature

Published on 25 August 2022 | 9:59 am

The connection between Russian sanctions and bizarre Turkish monetary policy

Russian cash has uses beyond the obvious

Published on 25 August 2022 | 9:47 am

The hedge-fund manager who embodied an era

Julian Robertson was a jock; today’s funds are run by nerds

Published on 25 August 2022 | 9:46 am

Western sanctions will eventually impair Russia’s economy

The most potent are the least talked about

Published on 24 August 2022 | 7:26 pm

Why the Russian economy keeps beating expectations

Few thought it would be holding up six months into the war

Published on 23 August 2022 | 8:22 pm

Against expectations, global food prices have tumbled

Why the war in Ukraine has caused less disruption than feared

Published on 22 August 2022 | 5:28 pm

How to encourage electric-car use

America has increased subsidies, just as other countries are cutting theirs

Published on 18 August 2022 | 10:11 am

Investors are optimistic about equities. They have no alternative

Traditional havens offer little safety

Published on 18 August 2022 | 9:35 am

The investor whose ascent mirrored India’s

Rakesh Jhunjhunwala died on August 14th, aged 62

Published on 18 August 2022 | 9:32 am

Does unemployment really have to rise to bring down inflation?

The search for labour-market slack

Published on 18 August 2022 | 9:29 am

Can the Visa-Mastercard duopoly be broken?

It is bad for American consumers and retailers—and it is under threat

Published on 17 August 2022 | 7:32 pm

Xi Jinping’s economic revolution aims to spread growth

An inland city, Changsha, highlights potential limits

Published on 16 August 2022 | 9:39 pm

Short-sellers are struggling despite a bad year for stocks

Why the odds are stacked against those who bet against the market

Published on 11 August 2022 | 10:03 am

Which European countries are most vulnerable to surging energy prices?

It’s better to be a consumer in Sweden than Britain

Published on 11 August 2022 | 10:00 am

America v Europe: A comparison of riches leaves both sides red-faced

Lessons from David Hockney’s mother

Published on 11 August 2022 | 9:35 am

How should investors prepare for repeat inflation shocks?

Forget transitory v persistent. The new fear is that price pressures are “structural”

Published on 11 August 2022 | 9:34 am

China’s mortgage boycotts are a symptom of a broader crisis

The real threat to developers is falling sales

Published on 9 August 2022 | 8:09 pm

An oil windfall offers Gulf states one last chance to splurge

Dubai wants jobs in the metaverse; Saudi Arabia a city in the desert

Published on 7 August 2022 | 6:07 pm

For a change, American inflation is lower than expected

But a continued jobs boom points to a need for yet more Fed tightening

Published on 5 August 2022 | 5:46 pm

An anatomy of this year’s market mayhem

The sell-off has been savage but there are few signs of a crisis. Can that last?

Published on 3 August 2022 | 6:42 pm

Does high inflation matter?

Economists and the public have very different views on the question

Published on 3 August 2022 | 11:56 am

Global inequality is rising again

But the causes of the resurgence are not all bleak

Published on 2 August 2022 | 7:24 pm

The global housing boom is running out of steam

Where are prices going to fall most sharply?

Published on 1 August 2022 | 5:39 pm

How high property prices can damage the economy

A fresh strand of research studies the consequences, both in China and the rich world

Published on 28 July 2022 | 9:06 am

China’s official growth figures are bad enough to be believed

We cross-check the latest numbers

Published on 28 July 2022 | 9:04 am

Reminiscences of a financial columnist

There is nothing new on Wall Street

Published on 28 July 2022 | 9:02 am

Recession fears weigh on commercial property

Prices are set to subside as investors rethink their portfolios

Published on 26 July 2022 | 7:18 pm

Why it is too early to say the world economy is in recession

Growth in the rich world is slowing, but has not crashed to a halt

Published on 24 July 2022 | 6:12 pm

The ECB’s latest attempt to hold the euro zone together

A new bond-buying scheme aims to keep a lid on indebted countries’ borrowing costs

Published on 21 July 2022 | 8:08 pm

Dollar-euro parity may be justified. But the yen looks cheap as chips

How to use economic theory to value currencies

Published on 21 July 2022 | 2:39 pm

Should central banks’ inflation targets be raised?

The last in our series on the central-bank pivot

Published on 21 July 2022 | 9:55 am

The Fed put morphs into a Fed call

The once-benevolent central bank now looks vengeful for markets

Published on 21 July 2022 | 9:49 am

Fresh woe for China’s property sector: mortgage boycotts

Homebuyers’ protests could push risk on to banks

Published on 21 July 2022 | 9:48 am

The 53 fragile emerging economies

The contours of a debt crisis are starting to become clear

Published on 20 July 2022 | 8:42 pm

How American banks are responding to rising interest rates

Investment banks are struggling, but consumer lending is holding up—for now

Published on 18 July 2022 | 8:28 pm

Is China facing an energy crunch, too?

Officials are anxious to avoid the widespread blackouts of 2021

Published on 17 July 2022 | 5:39 pm

Inflation shows both the value and limits of monetary-policy rules

A search for the right equation to overcome the fallibility of human judgment

Published on 14 July 2022 | 10:11 am

Why markets really are less certain than they used to be

Three gauges of investor fear are unusually high

Published on 14 July 2022 | 10:07 am

The ECB’s masterplan to manipulate markets

Could it misfire?

Published on 14 July 2022 | 10:03 am

The legacy of Abe Shinzo will shape Japan’s economy for years

The anti-deflation arsenal of the country’s most influential prime minister is still needed

Published on 14 July 2022 | 10:02 am

American inflation tops forecasts yet again, adding to recession risks

The Fed is under pressure to crank up interest rates more aggressively

Published on 13 July 2022 | 6:20 pm

How higher interest rates will squeeze government budgets

Rising borrowing costs will hit taxpayers sooner than you think

Published on 12 July 2022 | 9:19 pm

What a tycoon’s trial says about the rot in China’s financial system

Even the charges against Xiao Jianhua have not been made public

Published on 7 July 2022 | 9:39 am

Are central banks in emerging markets now less of a slave to the Fed?

The third in our series on the central-bank pivot

Published on 7 July 2022 | 9:35 am

Do cheaper commodities herald a recession?

Oil, metals and wheat prices are sinking

Published on 7 July 2022 | 9:34 am

America rethinks its strategy for taking on China’s economy

The focus is on whether Joe Biden will cut tariffs, but the real action is elsewhere

Published on 6 July 2022 | 8:10 pm

Crypto’s last man standing

Is Sam Bankman-Fried the John Pierpont Morgan of crypto?

Published on 5 July 2022 | 7:03 pm

As interest rates climb and the economy cools, can companies pay their debts?

The risks might lie in shadowy private markets

Published on 3 July 2022 | 7:38 pm

The allure of betting on mergers

A niche trading strategy is proving popular—and not just because of Elon Musk

Published on 30 June 2022 | 10:03 am

The case for strong and silent central banks

The second in our series on the central-bank pivot

Published on 30 June 2022 | 9:46 am

What past market crashes have looked like

“Capitulation”, the last phase of a rout, can seem like a sort of mania

Published on 30 June 2022 | 9:44 am

The latest desperate attempt to prop up the Turkish lira

Recep Tayyip Erdogan will support anything but raising interest rates

Published on 30 June 2022 | 9:41 am

Inflation in America soars to 8%. Or is it more like 6%?

The Fed’s preferred price gauge is more benign but also more obscure

Published on 30 June 2022 | 9:38 am

Can Europe keep the lights on this winter?

The energy crunch intensifies

Published on 30 June 2022 | 8:51 am

The battle between Asia’s financial centres is heating up

Hong Kong, Singapore and Shanghai each bring different advantages—and costs

Published on 29 June 2022 | 8:05 pm

Why inflation looks likely to stay above the pre-pandemic norm

Even as supply-chain snarls ease, wage growth and price expectations are ticking up

Published on 26 June 2022 | 5:54 pm

The rights and wrongs of investing in natural gas

Should multilateral development banks finance gas projects?

Published on 23 June 2022 | 11:08 am

After a golden decade, fintech faces its first true test

Rising interest rates and a slowing economy will shock the business model

Published on 23 June 2022 | 10:47 am

The Bank of Japan v the markets

Investors are testing the central bank’s promise to keep yields low

Published on 23 June 2022 | 10:23 am

How inflation and interest rates might affect Italy’s budget

Tighter monetary policy could make Italy’s debts harder to pay

Published on 23 June 2022 | 9:52 am