Buttonwood
Our column on financial markets offers expert analysis and perspectives on global finance, market trends and investing

Finance & economics
Don’t invest through the rearview mirror
Markets are supposed to look forward; plenty of investors look back instead

Finance & economics
The dream scenario for prediction markets
Polymarket and Kalshi are soaring in popularity. With a few tweaks, they could really take off


Finance & economics
European stocks are buoyant. Firms still refuse to list there
Another star prepares to move from London to New York

Finance & economics
Why investors lack a theory of everything
Markets have no fundamental laws, which is why they are so interesting

Finance & economics
Shareholders face a big new problem: currency risk
Analysing it is more important than ever. Mitigating it is a nightmare

Finance & economics
Hong Kong says goodbye to a capitalist crusader
David Webb was an exemplary shareholder

Finance & economics
Poland: the ignored stockmarket superstar
Why the country’s shares are going gangbusters

Finance & economics
How a mortgage transforms your investment portfolio
They turn retail savers into hedge-fund managers

Finance & economics
Should investors spend the trade war in India?
Mumbai may be a haven, but it is not a safe one

Finance & economics
Stockmarkets do not reward firms for investing in Trump’s America
The perils of reshoring

Finance & economics
The American government’s accidental private-credit subsidy
How a Depression-era lending scheme became a trillion-dollar wheeze