Moscow bombings: Tragic reminder

Investors were not worried by the attacks on the Moscow metro. After two bombs killed at least 38 people on Monday morning, the rouble fell slightly – but then recovered. The stock market went up. Fair enough. Civil wars wreck economies but bomb attacks rarely have a lasting impact. Such violence is not even new in Moscow. Two attacks on the metro system in 2004 killed 50 people. Nevertheless, the bombings at two busy stations in the heart of the city are worrying. Russia is far from unique in i...