Investors are optimistic about equities. They have no alternative
Traditional havens offer little safety
“Allow me to explain about the theatre business,” says Philip Henslowe, the owner of the Rose theatre in “Shakespeare in Love”, a romantic comedy from 1998. “The natural condition is one of insurmountable obstacles on the road to imminent disaster.” “So what do we do?” asks his companion. “Nothing,” Henslowe replies, “strangely enough, it all turns out well.” “How?” “I don’t know. It’s a mystery.”
This article appeared in the Finance & economics section of the print edition under the headline “Don’t look down”
Finance & economics August 20th 2022
From the August 20th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
China’s financial system is under brutal pressure
When will something break?