Nuclear war is a tail risk. The financiers and policymakers who gather for the Milken Institute’s Global Conference in Beverly Hills each year normally debate on monetary policy, political trends and investment opportunities. This year, they’re gauging the likelihood of Armageddon. The Russia-Ukraine war is an obvious headline issue for financial markets, with Russian forces committing alleged atrocities reminiscent of the Holocaust and many western nations now providing billions of dollars… Source link
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