Since the early days of commercial production in Baku, Azerbaijan, price swings have been triggered by economic and political events, and technological advancements...
It is imperative to appreciate the exceptionality of the situation. Never before has the world gone into recession with interest rates so low and with the balance sheets of central banks so massive. This time truly is ”different”...
... the stock market still trades close to its highs and credit markets are seemingly placid. And yet, the first cracks are actually beginning to show up...