<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i8E5CfjGXiIc/v6/-1x-1.jpg"><figcaption><div><p>Source: Bloomberg, 0:00</p></div><div></div></figcaption></figure><p>Markets have continued to hit new highs despite escalating geopolitical tensions and a major energy shock, raising questions about whether investors are underestimating long-term risks such as inflation and rising interest rates. The hosts argue that while markets often look through geopolitical events, today&#x2019;s slow-burning crisis&#x2014;combined with weak real income growth and fiscal pressures in countries like the UK&#x2014;may be more consequential than current optimism suggests.</p>

Markets have continued to hit new highs despite escalating geopolitical tensions and a major energy shock, raising questions about whether investors are underestimating long-term risks such as inflation and rising interest rates. The hosts argue that while markets often look through geopolitical events, today’s slow-burning crisis—combined with weak real income growth and fiscal pressures in countries like the UK—may be more consequential than current optimism suggests.

Merryn Talks Money:  Are Markets Just Plain Wrong to Keep 'Looking Through' The Iran War?

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