‘Valuations aside, market history does not suggest rising rates need prove disastrous for stocks.’ photograph: getty

The US Federal Reserve decided last month to leave interest rates on hold while signalling it expects to raise rates sooner rather than later – 13 of (...)

A stock quotation board outside a brokerage in Tokyo tracks plunging global indices yesterday. Photograph: Thomas Peter/Reuters

What caused Friday’s stock plunge? What does it mean for the future? Nobody knows, and not much. Attempts to explain daily stock movements are usually(...)

Former chairman of the US Federal Reserve Ben Bernanke: in a recent blog he makes several telling points about the mess the euro zone finds itself in.  Photograph: Win McNamee/Getty Images

The former chairman of the US Federal Reserve, Ben Bernanke, is reinventing himself as a blogger. In his most recent posting he makes several telling (...)

Yields on government bonds of the big advanced economies peaked in the early 1980s: Japan’s peak was near 10 per cent, Germany’s 11 per cent, and those of the US and UK 15 per cent and 16 per cent.

Is the 3½ decade long bull market in the highest-rated government debt over? If so, would that be a good thing or a bad one? The answer to the first q(...)

A shopper is seen through large lantern decorations at a shopping mall in Beijing. Capital growth is falling after a huge investment boom in the 2000s, particularly in China. Photograph: Kim Kyung-Hoon/Reuters

It seems at first a puzzling scenario, and you might wonder whether it is possible at all: output can be at potential but still not be sustainable.(...)

 Ben Bernanke had the courage to defy all those tycoons demanding that they stop printing money. Photograph: Reuters/Jim Young

The Bank of Japan, the country’s equivalent of the Federal Reserve, has lately been making a big effort to end deflation, which has afflicted Japan’s (...)

Timothy Geithner, president and managing director of Warburg Pincus LLC and former US Treasury secretary, walks to the US Court of Federal Claims in Washington yesterday. Photograph: Andrew Harrer/Bloomberg

The failure of American insurance giant AIG in September 2008 would have been “even more damaging” than the failure of Wall Street bank Lehman Brother(...)

On the eve of the Great Recession, many conservative pundits and commentators had a world view that combined faith in free markets with disdain for government. Photograph: Spencer Platt/Getty Images

On Sunday the New York Times published an article by the political scientist Brendan Nyhan about a troubling aspect of the current American scene – th(...)

James “Jamie” Dimon, chief executive officer of JPMorgan Chase & Co, whose eight years atop the US bank have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for throat cancer, raising new questions about succession plans. Photograph: Jason Alden/Bloomberg

Jamie Dimon, whose eight years atop JPMorgan Chase and Co. have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for th(...)

Ben Bernanke: described European response as “striking”. Photograph: Gary Cameron/Reuters

The US Federal Reserve worried about “erratic” and “uncoordinated” European approaches to the financial crisis in the wake of the collapse of Lehma(...)