Our hearts go out to all of those affected by the tragic events in the Middle East. By contrast, the investment outlook seems almost peripheral.
So far, there has been little impact on the global economy, and the market reaction has been benign. Can this continue, given the array of risks that investors face? A fragile economy, surging energy costs, and rising debt interest.
Will bond yields climb further? Guy Monson discusses the implications for global portfolios.
![](https://i.ytimg.com/vi/Ulw2I_4JWKM/mqdefault.jpg)