Could the pandemic cement an era of financial repression?

Financial repression is a tried and tested tool for the management of extreme debt loads Debt levels are rising to such extremes as governments respond to the COVID-19 pandemic Expectations of high post-pandemic growth may be overly optimistic and austere policy looks untenable We may therefore venture further down the garden path into financial repression …read more

Growth in the spring?

In the movie Being There Chauncey Gardner predicted “there will be growth in the spring”. Ephemeral cherry blossoms are a welcome harbinger of spring. Unfortunately, April showers of poor economic data are going to continue for months to come, though substantial economic support from financial authorities does provide a tailwind to economies and financial markets. …read more