Endemic delusion

As the world convinces itself the pandemic is over, the market convinces itself Russia won't invade Ukraine

The U.S. is warning that Russia remains poised to invade Ukraine, even though Russian President Vladimir Putin has said he is pulling back some troops and seeking a diplomatic solution to the crisis. Washington says it hasn’t been able to verify Russia’s pullback. And even if there has been a redeployment, it may yet be a feint. Indeed, even as Russia s…