Market risk: No worries

Investors seem to be deaf to geopolitics. They aren’t listening to the hot Russian rhetoric on the proposed placement of US missiles in Poland and the Czech Republic. Rather, they have responded warmly to another placement, of shares in Sberbank, a big bank controlled by the Russian government. Like so much of what goes on these days, this investor nonchalance at the distant threat of destabilising discord is global. Islamic terrorism, Iraqi civil war, Iranian nukes, North Korean paranoia - wha...