A 30-year Long view

Synopsis

In this final video for the FT, the speaker reflects on nearly 30 years of world markets since joining on New Year's Day 1990. He highlights the MSCI all world stock index, noting the significant growth of emerging markets. The ten-year Treasury yield, a crucial rate in global finance, is discussed as it sets the risk-free rate for transactions. Over three decades, stock markets show a clear upward trend, driven by long-term economic growth, despite interruptions like the dot-com bubble in the early 2000s and the Lehman bankruptcy during the 2007-2008 credit crisis. The speaker emphasizes the downward trend in bond yields, a reliable indicator in finance, attributed to inflation dynamics.