A trader at the New York Stock Exchange. A long period of low volatility in markets is tempting investors into risky bets that it will continue. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Persistently low volatility is the issue in financial markets, not the daily ups and downs

The most damaging effect caused by the long period of tranquillity in markets is the risk it poses to financial stability when bets on the calm continuing start to unwind

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A trader at the New York Stock Exchange. A long period of low volatility in markets is tempting investors into risky bets that it will continue. Photo: Bloomberg
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