Policymakers’ goal of rolling out vaccines fast and evenly is clear — to erase volatility in the bond market and make debt the cheapest it’s ever been to discourage saving and encourage investment.
by Dave Allen
The International Forecaster
The world’s economies are facing a tougher start to 2021 than expected, as Covid-19 infections pick up and the early rollout of vaccinations is slow.
While most mainstream economists believe global growth will still rebound quickly from the recession — at some point, they’re now saying it may take longer to catch fire and not be as healthy as previously thought.
But if you ask the billionaires of the world, the recession is already over.
According to a report released today by Oxfam, the top 1,000 billionaires, by December 1st, more than recovered the 30% of the wealth they collectively lost since March 18.
In other words, for the world’s richest, it took less than 10 months to recover the financial losses caused by the pandemic and other systemic issues.