Dynamic Planner's Chatterjee: Navigating the 'tidal wave' of fiscal policy

"May you live in interesting times," goes the apocryphal Chinese saying. Whether this is a curse, or a blessing is open to interpretation, as all pithy statements are.

Within the past six weeks, I have seen more from my little home office desk than all the time spent on trading desks. The single largest day increase in VIX since 1990, two of the largest daily falls in the S&P 500 since 1927, central banks committing larger amounts of money to targeted relief than during the Global Financial Crisis, and people ready to pay others $38 to hold a barrel of oil. Ardevora's Lang: The global economy has evolved into a fragile system Given stringent public health policies, a sharp decline in economic activity has already occurred as shown by PMI numbers ...