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The investment industry is hoping that 2018 will look much like 2017. Are such hopes likely to be dashed?
It is insufficiently recognised just how much the pendulum has swung against Silicon Valley in recent years. A couple of years ago, it was widely seen as heralding a glorious new technological era that would be a great boon for humanity
It is understandable that investors are nervous. Not only are valuations stretched in many markets but there seems to be a significant threat of military conflict