For nearly the entire period following the 2008 crisis, global financial markets operated in an unusual monetary reality: interest rates in developed countries were historically low, liquidity was abundant, inflation was relatively subdued, and central banks moved almost in sync. The U.S. Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, and other regulators differed in details, but the overall direction was clear: cheap money, market support, accommodative policy, and a readiness to rescue the system at the first sign of stress.
That era shaped a whole generation of investors who grew accustomed to the idea that market declines were often met with new liquidity, that debt burdens were manageable under low rates, and that growth assets benefited from cheap capital. But today, one of the biggest risks is that investors may still be viewing a new world through the lens of the old era.


.png)
.jpg)
.png)
.png)
.png)

