Following the GFC, the world embarked upon a monetary policy experiment the likes of which had never been seen before. Having read the history books and being aware of the economic and financial malaise that lingered for decades post the Great Depression, central bankers were desperate to ensure it didn’t happen again.
Their solution was to pump the system full of liquidity in the form of quantitative easing, loose balance sheets and low interest rates. Then, when the Covid pandemic hit, they pumped in even more liquidity and this time even governments got involved. Now, with the experiment well and truly over, inflation has soared, recessions are likely, and some of the distortions of all that liquidity are being reflected in the stock market. The tide is going out, and we’re going to find out just who has been swimming naked.
So, in this episode of Buy Hold Sell, Perpetual's Sean Roger joins Livewire Market's Ally Selby and Sage Capital's Sean Fenton – to discuss strategies to tackle markets in 2023.
Note: You can watch the discussion above. This episode was filmed on Wednesday 17 May 2023