Given the many threats seemingly on the cusp of sending humanity the way of the dinosaurs – from climate change to an AI takeover to political polarisation to that president – you’d think ‘catastrophe bonds’ wouldn’t need too much selling.
That’s true too if you’re worried about the high valuation of the US equity market. A NASDAQ bubble bursting wouldn’t blow-up the gene pool. But it would do a number on most US equity-heavy portfolios.
