It’s October 2027, and the poly-crisis that financial markets have long feared is unfolding at speed. Vladimir Putin has made strong gains in his war against Ukraine and has begun massing troops at Europe’s borders in readiness for invasion of one or more of the Baltic states.
In the Far East, China’s Xi Jinping is openly preparing for his long-promised assault on Taiwan, emboldened both by Putin’s success and Donald Trump’s drubbing in the congressional midterms, which have significantly reduced the US’s scope for effective retaliation.
Some cheerful news for a change.
