Mark Mobius announced the threat of money depreciation next year :: News :: RBC Investments archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.
Governments have pumped more than $16 trillion of fiscal stimulus into the global economy, backed up by about $9 trillion in monetary measures from central banks as they attempted to put a floor under a global economy that suffered its worst recession since the 1930s.
The International Monetary Fund cited the co-ordinated action taken by governments, and the rapid rollout of vaccines, as the reason for lifting its forecast for the global economy at its spring meeting earlier this month. It now expects the global economy to grow 6 per cent this year, following a 3.3 per cent contraction last year.
The S&P500 has jumped in value by 10 per cent since the start of this year as US President Joe Biden s administration passed a further $1.9 trillion stimulus package last month and is lining up a further $2tn package of infrastructure measures. But the huge increase in money supply means investors need to buy assets to serve as a hedge against the currency devaluation that will take place
Billionaire Investor: You ve Got to be in These Precious Metals – Investment Watch investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.