John Stepek

speaker

2,659 appearances 29 recordings 1 series first heard Apr 2026 last heard today

John Stepek’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Jul 2026 with 7.

Appearances

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Merryn Talks Money · Markets Wrap: Bessent's Big Bet, Bond Yields and the AI Bubble · 11 Sep 2026 podcast

But in terms of voice-verified

what happened with the yen this week, because also that's that's another thing where Besson set himself up essentially is I mean, I do on another point, I find it quite interesting that effectively he really is kind of interfering in another country's monetary policy in quite a dramatic way. voice-verified

Um and I've got to say the the Japanese authorities don't really seem to care because they seem to want it to go that way. voice-verified

But it'll be interesting to see what happens if you know if they ever voice-verified

But but tell us what's happening there. voice-verified

is basically the the kind of dreaded yen carry trade unwind. voice-verified

Yes. voice-verified

So basically the the Japanese bring all their money home, at least in theory, and everything else. voice-verified

Well they they don't even need to bring voice-verified

Well they don't even need to bring voice-verified

Yeah, yeah. voice-verified

And that was pretty disruptive in markets as far as I can remember, wouldn't yeah. voice-verified

Um and obviously August twenty twenty four was when we saw a kind of that was more a kind of flash crash type situation, wasn't it? voice-verified

That was a flurry, yeah. voice-verified

Yeah. voice-verified

So this is uh so in terms of what you should watch out for it, certainly as a private retail investor, this is the kind of thing that could create volatility uh from time to time. voice-verified

Well if actually if you're voice-verified

If you are uh voice-verified

Cause usually I base that say, readers, if you own say you're a British person and you own a Japanese fund and you own it in sterling, you haven't thought 'cause obviously you can buy hedged versions of these things. voice-verified

My take tends to be don't worry about it. voice-verified

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