Omicron triggers global economy’s bad case of PTSD

Scary as the Omicron Covid-19 variant seems, the Pavlovian freak-out in global markets may be the most frightening of all.

Obviously, the globe has much to worry about if this latest strain, first reported in South Africa, explodes globally. Even more so if it proves impervious to available vaccines.

But the speed with which investors jumped almost instantly to DEFCON 1 betrays a world economy that’s even more fragile than commonly thought.

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