Financial markets blind to worldwide risk

An old transvestite's story of Berlin in the 20th century does not generally spark thoughts of economics, finance and risk.

8th October, 2005

An old transvestite's story of Berlin in the 20th century does not generally spark thoughts of economics, finance and risk.

Yet the other night, watching the dazzling one-man performance of I Am My Own Wife at the Gaiety, I was struck by how much today's financial markets could learn from a bit of early 20th century history.

Our heroine - the transvestite - was born just before the outbreak of World War I in the...

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