Opinion
With saving buffers nearly exhausted, 2024 will be grim
As we gaze forward to next year, investors need to imagine what life is going to be like without these savings buffers artificially inflating growth.
Christopher JoyeColumnistIn 2023, markets have consistently swung between extreme fear and greed. One minute, equities are tanking as bond yields soar – the next they are ripping as yields decline. Over the year they have done very little other than offer a lot of volatility.
Investors are understandably having great difficulty determining where the economy is actually headed given it has not responded as it normally would to the extraordinary tightening of monetary policy.
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