Fisher: A 2023 Risk Report Card

Newsflash! The world didn’t end in 2023. That, despite Western commentators shrieking doom over three of America’s largest-ever bank failures, Credit Suisse’s downfall and supposed global financial “contagion” risks. Nor did apocalypse arrive amid America’s Federal Reserve and other global central banks’ rate hike rampage. Crypto exchange collapses, tragic regional wars, China’s economic “weakness” and seemingly endless global recession fretting cascaded throughout 2023’s fearmongering. Last April, I told you such widely watched fears were false and wouldn’t sink global stocks. They didn’t. Yet I also warned of some unlikely-but-real stealth torpedoes lurking below the surface. They didn’t materialize. But they haven’t been defused. Here is an update.