“The question remains, can we maintain the economic momentum or economic recovery post-Covid-19? I doubt so, as advanced economies are struggling due to poor policy response to Covid-19, and productivity remains under a lot of pressure.”

On the other hand, you have Asia, where growth momentum is strong due to macroeconomic stability, aggregate demand, policy manoeuvring – fiscal and monetary, rising income, and modern infrastructure.

Will the market witness a repeat of 1977 when the dollar was under crisis, and 10-year US Treasury bills Swiss franc-denominated?

It was called Carter bonds during the time, as the dollar was under fierce crisis and tangible assets like real estate and gold appreciated considerably.

Read more: The Sun Daily

Source: The Sun Daily