After Belgium, Traders "Fear The Geopolitical Effects Will Persist"
The horrific events in Brussels are still resonating across Europe today. And, as Bloomberg's Mark Cudmore explains, despite what many analysts are saying, the real impact is likely to be more widespread than the very intense emotional anguish.
Mohamed El-Erian -- a regular Bloomberg columnist -- has been one of the most high-profile commentators to express the view that the “macroeconomic effects tend to be limited, and they fade,” in reference to acts of terrorism.
Sadly, that may not be the case this time.