Market Intelligence—18.10.22
Macroeconomics
We are at the moment in a geopolitical phase that is taking us into uncharted territory. There have been several quite dangerous situations of tension after World War II, but those were either localised military conflicts or concerned the interests of the two major blocs. In those previous cases, it was almost always about the limits of territorial influence, but in the end there was still a dialogue and the tensions de-escalated.