, Columnist
Markets’ Worst Tail Risk Is a Furry Mammal
Danish mink embody the troubling prospect of a virus that mutates in animals and then jumps back to humans.
A sight to make epidemiologists and stock investors blanch.
Photographer: MADS CLAUS RASMUSSEN/AFP/Getty Images
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The post-election world is growing a little clearer, even if it is still not, alas, the post-Covid world. Thursday offered the inspiring online spectacle of three powerful central bankers — Andrew Bailey of the Bank of England, Christine Lagarde of the European Central Bank and Jerome Powell of the Federal Reserve — undergoing a grilling from my former colleague Roula Khalaf, the editor of the Financial Times.