Felix Salmon on global meltdown: "Tail risk is as big as ever, and that world markets are in...

|By:, SA News Editor

Felix Salmon on global meltdown: "Tail risk is as big as ever, and that world markets are in something of a state of denial about it. Maybe economic armageddon isn’t quite as terrifyingly incipient as it was in March. But it’s still a real possibility. And it isn’t priced in."