Finance & economics
The great reversal
Five financial trends that 2022 killed
A year of rising rates has scrambled markets
An expensive issue
2022 has been a year of brutal inflation
What will be next year’s big economic problem?
Flammable
2023 will bring the true test of the West’s oil-war tactics
Oil prices have sunk to pre-war levels. They are unlikely to remain there
Free exchange
The Federal Reserve’s great anti-hero deserves a second look
Lessons for modern policymakers from Arthur Burns
To protect and to swerve
China’s leaders ponder an economy without lockdowns—or crackdowns
Will market-friendly slogans turn into market-friendly policies?
Buttonwood
India’s stockmarkets are roaring. They also have serious faults
Investors may have to look elsewhere for diversification
Robots and jobs
The pandemic and the triumph of the Luddites
Covid-19 was meant to lead to job-killing automation
No time like the present
The Bank of Japan shocks investors
By lifting its bond-market peg, the bank may herald a period of tightening
Top of the charts
2022’s unlikely economic winners
Which countries performed best and worst this year?
No time to chill
Europe looks increasingly complacent about the winter ahead
The continent has navigated the first cold spell. There are more to come
Stormy skies
The struggle to put a carbon price on a flight
Europe is leading the world—but still not going fast enough