Many Happy Returns
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Today’s combined position on our country charts.
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About the show
Latest episodes
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The High Life: Would You Rather Live in a High or Low-Yield Country?
October 7, 2026 · 35 minA Swiss government bond pays half a percent a year. A British one pays more than five. Easy choice, you'd think. But yields can cut both ways. A low yield can mean the world trusts you with its money, or that your economy has stagnated…
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Cancel Culture: What Happens When AI Agents Do Your Admin?
September 30, 2026 · 37 minMany companies make their money from friction — forgotten subscriptions, tricky cancellations, loyalty penalties. Now AI agents promise to do all the tedious admin and save you money. So is this the end of the laziness tax? Are we about to…
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Central Bank Dilemma: Would You Vote to Hike Rates?
September 23, 2026 · 37 minThree hikes and a hold in eight days, all in answer to the same energy shock. So why did the Fed, the ECB and the Bank of Japan raise rates, while the Bank of England sat tight, despite facing the worst inflation path of the four? So would…
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The Madness of Markets, with Alex Edmans
September 16, 2026 · 52 minMarkets are meant to be efficient, yet somehow they keep producing meme-stock frenzies, CEO vanity projects, and wild booms and busts. We're joined by Alex Edmans — Professor of Finance at London Business School and author of The Madness…
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Will AI Hack My Accounts and Steal All My Money?
September 9, 2026 · 38 minThe Financial Stability Board says frontier AI is the most immediate threat to the financial system — above sovereign debt, private credit and equity valuations. As AI learns to find and exploit vulnerabilities faster than humans can patch…
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Mind Your Step: Before You Build a Bond Ladder
September 2, 2026 · 44 minBond ladders are a great way to feel in control of your money. A neat row of gilts maturing year after year, each one handing back its capital right on schedule. But before you buy your first rung, it's worth asking what the ladder is for…
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Zero Sum: Investing in a World Without Growth
August 26, 2026 · 48 minHumanity has just fallen below replacement fertility for the first time in history. A new paper challenges everything we thought we knew about population decline and economic growth. So what happens to your portfolio when the pie stops…
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Defending the Yen: Can Governments Beat Currency Markets?
August 19, 2026 · 42 minThe Japanese and US governments just spent an estimated $80 billion propping up the yen — and within a fortnight, the market had pocketed half of it. We ask whether politicians can ever actually beat currency traders. And in the Dumb…