Swiss Economicblogs.org
Risk markets where there is room to loosen policy but are undervalued look more attractive than those where the authorities have room to manoeuvre but markets are expensiveAt this mature stage of the business cycle, it makes sense to consider the possible next steps in economic policy, given that we believe it is likely that central banks and governments will do their utmost to prop up the bull equity market as well as economic growth. (This will be especially true in the US as the 2020...
Read More »Policy space may help only a few markets
