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Tom Stevenson

England

Contributing Editor at London Review of Books

Foreign correspondent. Contributing Editor @LRB. [email protected]

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Articles

  • Investors beware, bond yields are approaching the danger zone

    1 week ago | telegraph.co.uk | Tom Stevenson

    In Japan, too, the home of deflation for 40 years, prices are rising at a similar pace. This combination of policy uncertainty and inflation is the principal reason why bond yields are rising even as interest rates are flat or expected to modestly fall. The longer a bond has until it is due to be repaid, the more compensation investors are demanding. This is why the long bonds that are a staple of many pension funds are feeling the pinch.

  • Across the Line of Control

    3 weeks ago | lrb.co.uk | Tom Stevenson

    In 2019, a group of scientists led by Owen Toon, a professor of atmospheric and oceanic sciences at the University of Colorado Boulder, modelled the climatic effects of a nuclear conflict between India and Pakistan in 2025. The hypothetical scenario was a militant attack on the Indian parliament, leading to mobilisation along the Line of Control. Skirmishes in Kashmir escalate and the Indian army crosses into Pakistan, prompting a nuclear war.

  • Stock markets may be bouncing but now is the time to sell

    3 weeks ago | telegraph.co.uk | Tom Stevenson

    The decade that followed was not easy for investors. The S&P 500 fell almost 40pc between 1973 and 1974. While they bounced back in nominal terms, measured on an inflation-adjusted basis, even including dividends, big US stocks lost 1.4pc a year through a decade of sluggish growth and persistent inflation.

  • Warren Buffett's greatest lessons for ordinary investors

    1 month ago | telegraph.co.uk | Tom Stevenson

  • Tom Stevenson | Condo Diplomacy

    1 month ago | lrb.co.uk | Tom Stevenson

    The Trump court is a royal progress that moves between Palm Beach and the White House, for the most part in private planes. But the interests of the US government require that at least some of its members be willing to travel farther afield than Florida. Trump talks of putting the US economy behind a great tariff wall, but he also wants deals, which means he needs dealers. America’s official chief diplomat is the secretary of state, Marco Rubio, but so far his activities have been fairly limited.

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Tom Stevenson
Tom Stevenson @TomFStevenson
20 May 25

"You think being in medias res is easy and this is the liberal cop out, whereas the hard thing is to do the structure? Have you ever even been to a single yoga session?" - @adam_tooze

Crisis and Critique
Crisis and Critique @CrisisCritique

New episode out! Adam Tooze on approaching history, polycrisis, the contemporary USA, Batman… and many other things https://t.co/xCP7Yu38tm https://t.co/YclGhs2X32

Tom Stevenson
Tom Stevenson @TomFStevenson
19 May 25

In 2019, a group of scientists led by Owen Toon, a professor of atmospheric and oceanic sciences at the University of Colorado Boulder, modelled the climatic effects of a nuclear conflict between India and Pakistan in 2025. https://t.co/Lg0Oap0OFV

Tom Stevenson
Tom Stevenson @TomFStevenson
13 May 25

Remembering Hugh Roberts https://t.co/P5ebMeqOK5