In an increasingly uncertain and fractured world, how to gauge geopolitical risk going forward? First things first, it’s amazing to think where global markets are trading if you think that over the past year we have lived though extraordinary times, including US/Israeli strikes on Iran’s nuclear facilities, a major war in the Middle East with the US/Israel hitting targets across the region, including in Gaza, Yemen, Lebanon (taking out Hezbollah chief Nasrullah), Syria, et al. We have had the US launching a military campaign in Venezuela, threatening Panama, Canada and Greenland. The Trump administration has appeared ... (full story)