For a lot of investors, last year felt like a bit of a reckoning. A decade of low interest rates and floods of new money from central banks had ended. Stock markets in spite of last year's crash are now back within striking distance of the all-time highs. They say in late 2021, and junk bonds aren't too far off either.
Europe, America and Asia are all enduring scorching heatwaves, air temperatures are repeatedly breaking records and the health impacts are alarming. But is the worst yet to come? Why risky assets are proving more resilient than investors expected despite war, inflation and the threat of recession (10:10). And Europe says farewell to its symbolic small cars (16:50).
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