‘Buy the dip’ mantra is complacent as Putin redraws the map of Europe

When London’s Gresham Life Assurance Company completed its luxurious Art Nouveau headquarters in Budapest in 1907, it clearly did not expect the world it was designed for to crumble in just a few mid-century years. bloodshed of a world war, a pandemic, protectionism and a financial crash.

much has been written about the impact of Russia’s invasion of Ukraine on the global economy and markets – and the assessment has been that growth will slow just a little bit in Europe and hardly at all in America ; that there will be a temporary spike in inflation and that stock markets will fall before recovering.

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