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Equity markets have been under considerable selling pressure in 2022, as investors anticipate that stubbornly high inflation will cause central banks to raise short-term interest rates multiple times this year.
The chaotic world we live in today is to an extent a product of the American invasion of Iraq in 2003 and its disastrous aftermath. One of its architects was Donald Rumsfeld, who served two terms as secretary of defence, being both the youngest and oldest person to do so.
Sanctions against Russian resources, such as oil and gas, might be aimed at Russia for its invasion of Ukraine, but they have had a global effect. Some countries are willing to put their principles first and take it on the chin, others are not quite up to the task.
The strongest deterrent against FSP compliance missteps is or should be: