There is an old investing axiom that says markets hate uncertainty. What generally happens when we are faced with uncertainty is that it can trigger a fight or flight response. Right now, flight seems to be the preferred option with around US$10 trillion already wiped off global equity markets. Uncertainty, it would appear, is all pervasive. For instance, we are unsure if a concerted global economic slowdown could result in worldwide recession. If recession should ensue, then will it be short and sharp or could it be long and drawn out? Nobody really knows for sure. There is a lot of guessing, though. Uncertainty has not been alleviated by turbulent events in the UK’s bond market, just when investors thought that fixed-interest instruments would be a safer bet than shares. Jumping from the frying pan into the fire springs to mind…. …. What on Earth was the Truss administration playing at when it delivered a massively-unfunded giveaway budget?...