Politics

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

Equities are the new toilet paper

Equity markets appear to have long been disconnected from the dire economic reality caused by the pandemic; with stocks near all-time highs, while the economy is still running significantly below its potential capacity. One of the reasons for this divergence has been the unprecedented fiscal and monetary support, which has made it possible to avoid … Continued