ftav

It's quiet. Too quiet

But it is hard to find much sign that it is doing so. And Gillian Tett: [I]nvestors need to get better at imagining — and pricing — once-unimaginable disasters. This is hard. No business school teaches students how to model something like a presidential threat to wipe out a civilisation.

ftav

Free lunch is cancelled

What's unfortunate is that things have a habit of happening all at once, and "could be worse" won't pay for many carefree retirements.