Ultra Money Stream
Our framework for the current environment: D versus G
Roger Hirst who is a regular on the Real Vision Daily Briefing makes the case for having a robust framework to assess markets in wake of COVID-19. We were working on such a framework before COVID-19 hit North America's shores. In January, we were getting increasingly worried that the US would slip into depression unless the Federal Reserve succeeded at convincing investors that it would succeed at reviving inflation to help service debt loads. That led us to think about policy failure versus policy success.