From Italy to Trump, why are investors so complacent about political risk? As Theresa May plotted with her Cabinet this weekend about the country’s plan for Brexit, doomsday-predictors should have every reason to be amazed at where asset prices sit today. Funnily enough, market-savvy Brexiteers I spoke to in the aftermath of the vote were surprised but sanguine, saying markets always overreact. Clearly in the short term [...]