By and large, the US Election, the Pandemic and the Brexit game of chicken are all distractions.
Real issues like growth, employment and markets remain bound up in surging sovereign and corporate debt fuelled by ultra-low and negative interest rates. Global markets remain utterly distorted. Financial Asset Stagflation – bonds and equities getting more and more expensive as the economy deflates is a consequence of the monetary policy decisions of the last few years.
Are we looking the wrong way? Full Story
