John Authers

Joe Biden's historic but necessary decision to stand down should force us all to confront the societal problem of aging that goes well beyond just him.
THE BOTTOM LINE

Ageing is a far bigger market issue than just Biden

Insurance, health care and pension funds are struggling with political institutions in a world that’s living and working longer

US Fed chair Jerome Powell can’t stress enough the importance of the central bank's independence.

No, Jerome Powell isn’t playing politics

The Federal Reserve has demonstrated that it is relying on data to make interest-rate decisions

The global decline in birth rates may well be transitory, but there are reasons to expect a structural fall for a while.

Destiny and danger where demography meets finance

The impact of a population stretching the limits of longevity, combined with a falling birth rate, will increasingly be felt in the global economy

Shohei Ohtani should also start earning royalties from business schools.
WEALTH & INVESTING

Shohei the time value of money

The product of a zero-inflation upbringing in Japan, the baseball star has signed a contract that will be an MBA case study long after he retires

So far, the market response to the horrors and atrocities of conflict in Ukraine and the Middle East has been relatively muted.

Markets in an era of clashing superpowers

A world of falling cooperation and rising political polarisation is a world of higher interest rates where valuations matter again 

A supporter of Turkish President Recep Tayyip Erdogan wears a flag with his image as he flashes the "Bozkurt isareti" (grey wolf salute), a Turkish nationalist symbol, amid celebrations of Erdogan's election victory outside the presidential palace in Ankara, May 29.

For Turks, it wasn’t just the economy 

And comparison with old rival Greece is an instructive study in pain management, currency independence, and electoral outcomes

The month has seen a succession of far more drastic reactions to news from companies ranging from retailers (like Walmart Inc and Target Corp), manufacturers (Deere & Co) and social media groups (Snap Inc). In all cases, there was no scandal or big problem to reveal, but rather a disappointing failure to make as much money as hoped.

How the market is severely punishing growth traps

The great expectations laid on companies at the outset of the pandemic have turned into pitiless correction over any weakness