Flash Report February 2018

February provided a preview of the volatility markets will endure as investors disagree about the timing and magnitude of the ultimate collision of strong growth and profits with central bankers who will raise interest rates to slow things down. This predictable experience of a capitalist business cycle is necessary for healthy and functioning capital markets. In the next economic downturn, however, central bankers will be hampered by low interest rates and QE-stretched balance sheets, while muted inflation, resulting from globalization and automation, will heighten deflation risks.

Download the flash report (PDF) here


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