Unhedged
Katie Martin, Robert Armstrong and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Every Tuesday and Thursday.

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Episoder(345)

The mystery of the vanishing jobs

The mystery of the vanishing jobs

The annual jobs numbers are in. And they have been revised down by 911,000 positions. But in a quickly changing economy, with many laborers literally leaving the country, what does that mean? Today on...

11 Sep 202520min

Live from the FTWeekend Festival in London

Live from the FTWeekend Festival in London

2025 has been a chaotic year, with seemingly random tariffs, the reduction of the labour force, the partial nationalisation of major companies and a looming hostile takeover of the long independent Fe...

9 Sep 202539min

What’s a central bank supposed to do?

What’s a central bank supposed to do?

Central banks have been around for hundreds of years. But they haven’t always done the same thing. Today on the show, Katie Martin and Rob Armstrong talk to Brendan Greeley, a former FT reporter, abou...

4 Sep 202529min

OK, Doomer

OK, Doomer

Valuations are high. Employment is down. The Federal Reserve is under attack. For many market watchers, this looks a lot like a recipe for disaster. Today on the show, Rob Armstrong and Katie Martin d...

2 Sep 202521min

The people’s chip manufacturer

The people’s chip manufacturer

The Trump administration has again extended its control over the US economy, now taking a 10 per cent stake in the chip manufacturer Intel. Control of the means of production is a foundational tenet o...

28 Aug 202519min

The Fed under attack

The Fed under attack

The annual meeting of central bankers in Jackson Hole, Wyoming, is supposed to be an intellectual retreat. Instead, it was overshadowed by personal and political attacks on US Federal Reserve board me...

26 Aug 202520min

The new pump and dumps

The new pump and dumps

US markets reporter George Steer has been tracking stocks that have soared, then crashed. Some of them might be “pump and dumps”, an old-fashioned style of scam where insiders generate excitement, alo...

21 Aug 202523min

Is the market too concentrated?

Is the market too concentrated?

Eight of the 10 biggest stocks in the S&P 500 are technology stocks, and tech as a sector represents 40 per cent of the value of the index. Today on the show, Katie Martin and Rob Armstrong ask if thi...

19 Aug 202520min

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