"During periods of intense market volatility, we are advised not to look at our investments, let alone touch them. The result of this is an avoidant philosophy hingeing on the motto it'll probably be fine."
"Borrowing costs soar to 18-year high. Columnists in the Telegraph shared plans to stockpile petrol and tinned food. Could the Iran war lead to WWIII?"
"Traders last week started pricing in four quarter-point base interest rate rises in 2026, a complete about-face from previous predictions of rates coming down this year."
"It's not just interest rates, obviously, but they are the canary in the coalmine of worse shocks to come."
Past responses to crises often involve inaction, aligning with expert advice to avoid market volatility. Current events, including the Iran war and rising energy costs, raise concerns about interest rates potentially reaching levels not seen since the 1970s. Media reports indicate soaring borrowing costs and fears of a possible global conflict. Traders are adjusting predictions for interest rates, signaling deeper economic issues. Traditional reassurances are losing effectiveness, highlighting the need for a reassessment of strategies in uncertain times.
Read at www.theguardian.com
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