Despite soaring valuations, vaccines are required for economic recovery
The Covid-19 pandemic is an ongoing humanitarian catastrophe. Efforts to stem the spread have resulted in underlying economic hardships worldwide. To prevent the collapse of multiple businesses across sectors, central banks embarked on aggressive monetary expansion in 2020. Interest rates were lowered to levels last experienced in response to the global financial crisis, and much quantitative easing was introduced.
To illustrate this, more than 20% of all US dollars now in issue were created within the last year. Governments worldwide introduced fiscal support packages and banks provided payment holidays. However, the most influential factor since the financial crisis has arguably been the actions of central banks and their control of global money supply...
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