The Impact of Geopolitical Risk on Financial Markets

Some of the buffers are gone here. And we can also invest in prevention, what a concept. So talk to me about what is change that's driving the cycle. Well, as you know, I am rather unusual for a geopolitical strategist having sat inside a large financial institution for almost 20 years. It isn't actually the absence of geopolitical risk. The mitigating factor kind of relating to what I said at the start was liquidity from central banks mainly,. But also from the onset of US energy independence.