Huge swings and downward trends: markets are forward-looking, and it is clear they <a href="https://www.economist.com/leaders/2022/01/29/markets-have-fallen-because-the-era-of-free-money-is-coming-to-an-end?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">do not see</a> much to look forward to in 2022. Warnings about infectious bugs resistant to antibiotics have long been around; to see the effects just <a href="https://www.economist.com/asia/2022/01/22/drug-resistant-infections-kill-almost-13m-people-a-year?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">look to South Asia</a>. And our data journalists reveal another benefit of widespread veganism: huge tracts of habitable land.&nbsp;For full access to print, digital and audio editions of The Economist, subscribe here <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a> &#10;&nbsp; <hr>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.

Insecurities in securities: why markets are sliding

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