Merryn Somerset Webb and John Stepek answer listener questions on how retail investor flows, passive investing, and social media have reshaped markets, arguing that the surge in everyday investing has significantly boosted stock prices — particularly in the US.
They also discuss practical personal finance challenges around pensions, capital gains tax, and passive versus active investing.

Markets Wrap: Bessent's Big Bet, Bond Yields and the AI Bubble
27:11

Live From Fringe: What Adam Smith Can Teach Us About Debt and Power
47:50

Live From Fringe: What Adam Smith Would Say of Bond Market Turmoil
52:17