Randrwithc 30jul20

MARKET VIEWS 

Fiscal Policy And Sentiment Support Toppish Equity and Credit Markets

By Peter Checchini

30 July 2020

In this paper we discuss:

1. Why we expect a U/W-shaped recovery for the economy and markets;
2. The new form of liquidity trap we found ourselves in;
3. What type of “fiscal dominance” we are experiencing at the moment;
4. How risk-asset markets are not correctly pricing the coming explosion in defaults; and
5. The market implications of all the above.

Contact us to obtain the password to open the PDF

YOU CAN ALSO PURCHASE THIS INDIVIDUAL PAPER DIRECTLY ON R&R’s ONLINE STORE

Download PDF: R&RwC – Money Supply, Fiscal Policy and Asset Prices – July 2020

Back to Research

Back to Homepage