January 2020

2020: May You Live in Interesting Times

Drummond Brodeur's picture
There is little doubt that both 2020 and the 2020s will prove to be interesting times. Almost everything we have known from a global economic, market, political and social perspective seem to be in a state of flux vs. the broad norms that have existed for the better part of all of our lives!

PART ONE – Monetary Policy: Quantitative Easing and the Race to the Bottom, Four Years On

Alexandra Gorewicz's picture
“Be careful what you wish for, you may receive it.” Over the last several months, it feels as if all central bankers have used every speaking opportunity to mention that their monetary policies, including bond purchases (quantitative easing or QE) and negative interest rates (NIRP), have reached their limits. This is an extremely important development, because it means that today’s monetary policies are no longer as effective as they once were.