John Stepek

speaker

2,551 appearances 28 recordings 1 series first heard Apr 2026 last heard 18 Sep

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 — 28 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

Wait. voice-verified

So that's quite that's pretty interesting. voice-verified

So you reckon it's probably worth actually hedging your japping. voice-verified

I I think it's a good idea. voice-verified

They will on that bombshell. voice-verified

Uh shall we move on to bond yields generally? voice-verified

Um because obviously this is partly what Besson's headache is, but it's uh even more a massive headache for us here in the UK because we've got the highest bond yields in the G seven, and the reason for that is because we seem to have the most inflation prone economy in the G seven. voice-verified

Um and it doesn't really voice-verified

Look as if Andy Burnham and John Healy are especially inclined to tackle that issue, as far as I could see from Prime Minister's question time this week. voice-verified

Um I mean I know you saw it as well, but uh Kemi Badenok was saying to Andy Burnham, Look Well, you know, how are you gonna increase spending on defence and Burnham? voice-verified

Yeah. voice-verified

Um you know, too to Burnham and even to the kind of Starmer administration. voice-verified

I mean it this is coming at the the end of a long period of again the you know, Conservative government and before that, even the new Labour government, um whereby we've been getting rid of the guns in favour of the butter for a long time. voice-verified

I mean, it was at the mid eighties, wasn't it? voice-verified

Um I think something like defence spending was something like eight. voice-verified

eight percent of GDP. voice-verified

Um and the welfare budget was at the opposite end, and now they've basically split sides. voice-verified

Um and I think clearly one of the uh the big issues, the only real issue with the right left divide is that there's a presentation thing and that it was never quite as overt that well we're just getting rid of the defence budget so we can basically fund the state pension. voice-verified

But now voice-verified

I think what we've got voice-verified

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