Inflation back at the top of the fear list for worrywart investors

And relax. After months of performative wrangling, the showboats of US politics have finally agreed to give the country more leeway in borrowing, a move that extinguishes the risk of a potentially cataclysmic default on its government bonds.

Averting a disaster in the world’s core so-called risk-free asset, this is victory for common sense.