A tidal wave of liquidity: Navigating 'booming' markets

Equities, bonds, gold, even Bitcoin, along with a range of other assets, have chalked up big gains since the US Federal Reserve made a sharp policy U-turn by cutting interest rates in response to slowing economy last autumn

That unleashed a tidal wave of liquidity which has buoyed asset values across a broad front. But the spread of coronavirus has dampened the party mood on fears the world economy may catch the bug. With China accounting for 17% of the global economy, it is too soon to discount this risk. Further out, a bigger threat is the possible return of inflation as a major investment theme. Rising wages in major economies ranging from the US to China have yet to translate into higher inflation due to lag effects. Five ways Chinese e-commerce is disrupting global consumer brands Meantime, de...