Here is a brief summary of the main reasons underpinning this optimism:
– Capital regulation may pause. Or perhaps more… We will see over time.
– The global economic recovery is consolidating and strengthening.
– A shift in the focus of economic policy, with greater importance now placed on expansionary fiscal policy and the start of the normalisation of ultra-expansionary monetary policy.
– From the fear of deflation that has dominated us in recent years to the inflation risks that we are all assessing at present.
