Financial analysts suggest buying German Bunds in case of nuclear war
Financial analysts are putting their heads together to predict how nuclear war would affect the markets — you know, just in case. "The market's view is likely too sanguine in short term," analysts at Citi told The Wall Street Journal. "This reflects investors' experience that geopolitical rhetoric can quieten as quickly as it escalates, and a pervasive belief that the true risk of military confrontation is minimal."
But if there is all-out war with North Korea, for example, The Wall Street Journal also has some tips:
President Trump tweeted Friday that "military solutions" for dealing with North Korea are "locked and loaded," with the stock market reflecting people's nerves. Wall Street's so-called "fear gauge," the Chicago Board Options Exchange Volatility Index, jumped from historic lows up 44 percent on Thursday, The New York Times adds.
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Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
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