Gold Rises as Dollar Falls, Stocks Climb Amid Trump’s Covid-19 'Cure', Real Rates Likely Depressed 'For Decades, Not Years'
“In fact, this accommodative, low-yield environment may prove historically persistent over the long term,” says Stephane Monier, Chief Investment Officer at Lombard Odier Private Bank.
According to studies done by The Bank of England and International Monetary Fund about the shock of pandemics on economies, Monier continued that ”Working with evidence starting in the 14th century, show that these events tend to depress real interest rates not for years but for decades.”