"While sweeping policy response is probably better considering the scope of the current crisis, it’s fair to wonder about the longer-term implications of these extreme and unconventional measures."
Germany’s most prominent leading indicator just staged a strong comeback but the route to normalcy remains long.
Is there a lesson to be drawn from history? No two crises are the same but useful insights can be gleaned from comparisons, as Jerome Nunan explains.
Since the Global Financial Crisis, Growth equities have significantly outperformed Value equities in Europe. The Value style has suffered from low and falling interest rates. But it was not a straight line!
KC-10 “Hey Sir, how are you doing?”
F-15 “Great, kind of boring out there.”
KC-10 “Oooh man, I thought you would have some exciting news for me!”
F-15 “No, all quiet on the Western Front.”
…It’s almost like people really wanted a panic…”
It was all very well to say "Drink me," but the wise little Alice was not going to do that in a hurry. "No, I’ll look first," she said, "and see whether it’s marked “poison” or not."