, Columnist
Irrational Equanimity Has Taken Over the Markets
Any number of metrics show investors are too relaxed about the potential for the trade wars to escalate. Also, Ebola and book club.
Investors are showing unusual calm.
Photographer: Harry Dempster/Hulton ArchiveThis article is for subscribers only.
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Let us take a sentimental journey through the Bloomberg terminal. Many of us have spent much time analyzing what steps the U.S. and Chinese governments might take next in their trade spat. It’s all speculation, as we do not know how it will end. But it is possible to analyze how markets have reacted and gauge the sentiment at work among investors. And they appear remarkably relaxed.