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The willing suspension of disbelief

The willing suspension of disbelief has long been a professional requirement for those working in investment banking and asset management. But one thing that has become clear in the 10 years since Financial News was launched is that the securities industry's faith in knowing what will happen tomorrow is far stronger than its ability to predict it.

As markets hit levels not seen for five years, a growing number of people in the industry are concerned that we could be heading towards a repeat of the bust that followed the boom of the late 1990s – and faster than we think.

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