THE NEXT COLD WAR

Why the 'tourist thinks it will be fought in cyberspace

With the distressing Ukraine developments, suddenly everyone is an armchair geopolitical expert. Although I have opinions, given the huge amount of uncertainty, I am not sure how much value-add I can offer with any sort of traditional analysis.

Instead, I want to highlight a risk that the market is overlooking.

I have thought for a while that given the tw…