Even if Covid hits shares, we must not inflate another cheap-money bubble
The Delta variant is rattling markets. But the temptation to soothe them with quantitative easing must be resisted
A Wall Street trader: markets wobbled in many parts of the world last week. Photograph: Brendan McDermid/Reuters
A Wall Street trader: markets wobbled in many parts of the world last week. Photograph: Brendan McDermid/Reuters
Sun 11 Jul 2021 02.00 EDT
Falling share prices. Investors piling into the safe haven of bonds. Rising infection rates of the Delta variant of coronavirus. The events of the past week have demonstrated one thing clearly: this isn’t over yet.