Brave New Economy

    As the Covid crisis weighs heavily on a fatigued population, financial markets move closer to euphoria; clinging to a widely accepted narrative that economies will rebound strongly when herd immunity is achieved, while interest rates will remain extremely low Not all asset classes can justify their seemingly lofty valuations. Given that prices discount … Continued

The adult in the room?

This year’s presidential elections are completely overshadowed by the Covid crisis. The magnitude of the economic crisis is forcing the different parties on the political spectrum to converge. Therefore, to a large extent, economic policies for the coming years will follow a preset course. Support for households and businesses will be financed with large fiscal … Continued