in the air

Whatever might be thought of vigils in Hong Kong, there is a sense they are not playing well in protest-sensitive Beijing, which approves of free markets only to a point. Mr Ho says the literature provided to buyers did not detail risks, and, he adds, even many of the sellers had no understanding of the product—which is an understatement, given its structure. Banks aren’t particularly popular at the moment, and it appears unlikely that they will deny responsibility and argue caveat emptor. Settlement talk is in the air. If it is sizeable, expect even embarrassed tycoons to shed their own inhibitions about being revealed as fools, rationalising that at the moment, smart doesn’t pay.

Definition

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in the air
If something is in the air, you feel that it is happening or about to happen:
Love/Change/Spring is in the air.