It is silly season in the world of international finance. Thomas Cook has confirmed trading is a little tight and its shares have plummeted.
The cash machine known to you and I as BSkyB has been kicked like a tabloid hack in the gutter as the Murdoch clan puts off its inevitable takeover. Sterling-based Italian sovereign debt traded (briefly) above 6% as the bond vigilantes talked themselves up into a tumult. America might default and the bond bears reckon the equity guys are dangerously complacent in the face of increasingly obvious macro risk. The greatest risk facing you and me is certainty. We will all live longer – a lot longer – and almost none of us are properly prepared for the coming demographically inspired longe...
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