- Wealth PMS (50L+)
Three major world events are happening right now that might impact the fine macro-economic balance the world has set up.
But first, a history.
The 2008 financial crisis saw unprecedented action by world central banks. They pumped liquidity into moribund banks, bought stuff no one else wanted to buy and essentially printed money like there was no tomorrow. So that there will be a tomorrow, they told us.
First the US Fed did it, expanding it’s balance sheet to over $4.4 trillion in the process. It bought securities, including mortgages, and kept . . .