Investors are optimistic about equities. They have no alternative
Traditional havens offer little safety
“Allow me to explain about the theatre business,” says Philip Henslowe, the owner of the Rose theatre in “Shakespeare in Love”, a romantic comedy from 1998. “The natural condition is one of insurmountable obstacles on the road to imminent disaster.” “So what do we do?” asks his companion. “Nothing,” Henslowe replies, “strangely enough, it all turns out well.” “How?” “I don’t know. It’s a mystery.”
This article appeared in the Finance & economics section of the print edition under the headline “Don’t look down”
Finance & economics August 20th 2022
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