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Column: When the global economy seems to brush off big risks, prudence matters

An employee of a foreign exchange trading company in Tokyo works near monitors showing TV news on North Korea’s nuclear test on Sept. 4, 2017. Photo by REUTERS/Issei Kato August was another month during which asset markets continued to brush off the seemingly ubiquitous geopolitical and other risks facing the global economy. Many markets hit new highs, and virtually every downdraft was met with a wall of buyers eager to join the party.
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