Great stuff today from the always entertaining and cross-disciplinary Viktor Shvets at Macquarie:
Investors seem to be residing in a world without any notable perceived risks. It is an extraordinary and unprecedented situation, particularly given unresolved issues of over leveraging and associated over capacity as well as profound disruption of business and economic models, which are not just depressing inflation but also causing extreme political and electoral outcomes while feeding Maslowian-type disappointments across labour markets.
What can explain such lack of concern regarding potential risks?
