Michael Murray: Beware the frightful spectres of Trump, inflation and populism

Nothing stands still. Equity investors who dipped into the Irish market in spring 2009, when the Iseq index hit a low of 2,000 after peaking close to 10,000 two years earlier, are unlikely to see a repeat of that catastrophe any time soon. Equally, most will be lucky to recover their losses from that period. But those brave enough to go into the market anywhere close to the 2009 nadir will likely have seen their...