1 yr in the past the complete world went by way of a large shock that ship financial markets plummeting. The SP500 misplaced 26% in one of many worst drawdowns in monetary historical past. However right here we’re, greater than 1 yr later and on paper we’ve got primarily absolutely recovered and blossomed from this 2020 low. Unemployment charges are getting shut and near regular, bankruptcies are falling to file lows, and the inventory market is at all-time highs. On the floor this appears superb, however dig beneath and you’ll uncover the largest and most terrifying monetary experiment in historical past which may end in a brand new golden age, or it may probably carry us to a chilling darkish age that we’ve got by no means skilled earlier than.
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