Pandemic-Era Central Banking Both Adding To and Supporting Huge Budget deficits Is Creating Bubbles Everywhere
(From Bloomberg)
A common thread runs through these scenes from the plague year 2020: Cheap money, gushing in from the world’s major central banks, inflated assets [and] reshaped how we save, invest, and spend… Unlike past recoveries, when investors had no clarity on when the monetary taps would be tightened, this [time officials have explicitly said they’re going to stick to their loose policies well into a post-Covid recovery.
This article was originally posted here: https://www.ac2news.com/2021/01/pandemic-era-central-banking-both-adding-to-and-supporting-huge-budget-deficits-is-creating-bubbles-everywhere/.
