An increasingly precarious global economy makes recession look more and more likely. Downward pressure on interests rates suggest the probable Japanification of many rich economies. Although response to the intense climate crisis equates to investment opportunity the market continues to underprice its risk. High levels of societal concern over climate change and AI-provoked job losses will make government intervention inevitable.
de Jong2021-04-15T12:57:54+02:0031 July 2019|