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Flash Report November 2019

Investors, acknowledging the turn by almost all central banks to highly accommodative monetary policies, discounted improving economic activity that entails corporate earnings growth rebounding next year. Steepening yields curves confirmed these positive expectations, even as interest rates and inflation remain low in response to the secular pressures exerted by high debt levels, lackluster productivity, and aging populations. Political uncertainty and limits to monetary policy have not disappeared and warrant caution.

WRITTEN BY | December 2, 2019


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