Market News 07 July 2020
(WorldNews Iran)

An analysis of central bank monetary expansion around the world delivers some incomprehensible numbers. This year alone saw $16 trillion added to the worldwide debt. Total private and public sector borrowings will hit $200 trillion by December, and JP Morgan believes that leads to higher savings rates and continued accommodative central banks. In turn, most of that excess cash will buy equities. With traditional analytical tools left in the dust by the markets untraditional valuations, views like this may well gain traction. One of the worlds best fund managers, Mohamed El-Erian chief economic adviser at Allianz summarised it perfectly in this tweet, `While regret goes up, my ability to...