Central banks have no other option but to accelerate the introduction of digital currencies (“CBDCs”). China’s platform is already “live” in selected provinces and the ECB, the Fed and the BOE are all moving forward with their respective plans. …

By Pietro Ventani on The Capital — Extreme monetary & fiscal policies combined with the disruption of global trade & technology consolidation may finally give inflation a fighting chance.

While the outbreak may start to subside, the knock on effect of Covid-19 on the global economy and financial markets is just getting started. After one of the fastest declines in history, investors all over the world have been busy wondering whether markets have bottomed. A combination of history, sentiment…

I dati giornalieri sull’epidemia parlano chiaro; il virus continua ad espandersi in Italia mentre in altri paesi sembra avviarsi al…

As the world is awakening to COVID-19’s economic consequences, markets are undergoing the most severe decline since 2008. Massive monetary and fiscal intervention is coming and it will be a game changer for global financial markets. A decade-plus of very loose financial conditions has pushed valuations to extreme levels and…

While a virus weights hardly anything, it may be heavy enough to to tip the global economy into recession and prompt central banks into action. Since January 22 large areas of China have been in lock down to try and limit the spreading of a new influenza virus. The rest…

As the ECB council just had its first meeting under the chairmanship of Christine Lagarde, there is little doubt a transition from monetary to fiscal policy is looming for the euro zone. Here’s why the policy shift may bring the first major overhaul in its twenty years history. Monetary policy…

August and October are typically the most volatile months of the year and markets may once again experience something comparable to what happened at the end of last year. If that is the case, investors may want to turn to “Occam’s Razor” for counsel. August and October are typically the most volatile months of the year and it is likely investors may once again see that phenomenon repeating itself in 2019. …

One of the biggest topics these days is the divergence between a very bearish yield curve and a very bullish equity market. The latter has staged a muscular 19% rally since its Dec 24th low, while the former declined 14% in the same time frame. Conventional wisdom in the investment…