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.

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