Shortly after the Brussels bombing, Société Générale weighed in with a commentary on the state of affairs: “Sadly, global markets are getting used to terror attacks.” The tragic events, the French bank noted, may have tamed the generally buoyant risk conditions prevailing after a dovish Fed meeting, but the effect was short-lived and the impact on bonds minimal.
SocGen’s ‘sadly’ comment, although understandable, could also be considered through a different lens: it’s not that humanity is becoming desensitized, it’s the financial system becoming more organized.
