The popular view that bank depositors can’t police how their banks behave is both right and horribly wrong.
James Mackintosh
Senior Markets Columnist, The Wall Street Journal
James Mackintosh joined the WSJ in 2016, after almost 20 years at the Financial Times, most recently as Investment Editor and writer of the Short View column.
He is a graduate of St Catherine's College, Oxford, where he gained a first-class degree in Philosophy and Psychology. He spent two further years at the university in postgraduate study of philosophy before entering the real world. He has two cats and two children.
He is @jmackin2 on Twitter.
Latest Articles
The collapse of Silicon Valley Bank and other lenders offers lessons on single-stock risk, the nature of risk and double-or-nothing bets.
Treasurys appear to be anticipating recession, while stocks and corporate bonds aren’t. How can such big markets be sending such different signals?
Economists have rarely been so divided about the future aside from during recession, and sensible investors shouldn’t have much confidence in their own forecasts, either.
Investors who rightly abandoned bonds when yields were stupidly low should add them back as ballast to their portfolio.
Investors grappling with the confusing signals from the economy and markets can be forgiven for struggling to explain the switch in behavior by stocks this year.
The recent stock-market rally isn’t just about a new version of the not-too-hot, not-too-cold economy, but a wild race to load up on risk.
Investing is all about risk and reward, but at the moment it’s mostly about risk and not very much reward.
In recent weeks investors have begun moving away from their obsession with inflation, shifting markets into a new regime where good news on the economy is again good news for stocks.
Amid the improved mood in Davos this year are two remaining big worries—either of which could cause the bear market to reassert itself.
Page