Das Capital: A Grexit without contagion? It's like Dr Strangelove's belief in survivable nuclear war
In 2013, an asset management consultancy identified alien invasion as a risk for the global economy, albeit an unlikely one. A reader wryly observed that this would be an excuse for markets to rally further, as businesses could look forward to the prospect of demand from new, non-human customers. Since 2009, financial markets have largely ignored risk, constructing a favourable narrative around events and rallying on any information.
Das Capital: Donors are free to channel funds to their chosen causes, some noble, some hubristic and some just plain odd
Das Capital: The strategy relies on the wealth effect which central bankers hope will lead to higher consumption
America risks financial retaliation. Other countries may launch their own QE
Das Capital: It is unlikely the policies will result in an immediate return to the required levels of growth
Das Capital: Narendra Modi could join an illustrious line of political leaders who do not live up to their promise