Resilient Markets Face Down Terrorism Risks

The transcript discusses the impact of tragedies on markets, noting that while human costs are incalculable, market effects are often short-lived. It highlights the role of central banks in stabilizing markets and the concept of a 'drift economy.' The discussion also covers the influence of negative interest rates on fixed income markets, leading to increased volatility as investors seek positive yields.

In what ways has the global economy shown resilience to various shocks over the past five years?

What are the implications of negative interest rates on global bond markets?