Investors find it hard to anticipate major geopolitical events, even when they’ve been building over time. As a result, when long-standing problems finally erupt, markets tumble.
Recent examples include the coup in Thailand to oust the Shinawatra clan, and Russia’s efforts to rebuild the USSR – of late by destabilising Ukraine. And there are many more potential powder kegs.
Two unconnected events from the last century offer differing [...]
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