Global stock markets have never been so volatile, with huge swings of 100 or 200 points on some days.
Currencies are daily falling and rising widely against each other. Governments are desperately trying to shore up the cost of their own borrowing and the bond market.
Many commentators worry that the US bond market in particular could blow up if interest rates are ever forced higher by reluctant lenders, who are not indifferent to the fact that rates are being endlessly manipulated by central banks.
The ordinary person’s reaction to all this uncertainty – and the losses they’ve taken on stocks and shares in their pensions or other investment funds, not to mention on the value of their homes – has meant they have become even more risk averse.
