China’s economy has transitioned, from an industrial export-led model, towards services.

Commodities are nothing if not cyclical. They rise and fall in value with remarkable consistency over time.

Quantitative easing, or QE, is where a central bank creates money to buy bonds. The goal is to keep interest rates low and to stimulate the economy during periods of economic stress.

In January 2019 Jerome Powell pivoted from a policy of interest rate increases and balance sheet cuts to interest rate cuts and, later that year, balance sheet expansion.

Over the last decade, the Fed has increasingly resorted to unconventional monetary policy, such as quantitative easing, or QE, to stimulate the economy.

In response to the corona crisis, global central banks have unleashed a tidal wave of liquidity.

One question I get from advisers and clients, more than any other, is why global equity markets have bounced back so far.

In the early stages of the Corona Crisis of 2020, the global economy faced a liquidity crisis.