President Biden’s geopolitical activism coupled with financial objectives is setting new standards in international markets. Extensive injections of liquidity (i.e., Quantitative Easing) from central banks will provide new opportunities and, as usual, new dangers. When first introduced, influxes of capital, like seen during the pandemic, were tools to mitigate deflation concerns in 2008. Post-crisis, these measures acted to propel [...]
MAY COMMENT 2021 - DEBT VERSUS GROWTH BIDEN AND SIGNALS FROM CHINA