It’s Time To Seize the Opportunity

Jason Guthrie is the Head of Capital Markets in Europe at the international investment giant WisdomTree.
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The current economic climate is a concern for investors. Trade-restructuring, high levels of liquidity, systemically-low inflation, inverted yield curves, negative-yielding bonds, historically tight employment markets, and significant leverage at both consumer and government levels are just some of the factors that suggest we are in a world where monetary and fiscal policies could tenably be argued by those at opposite ends of the spectrum, and as a result, many people are questioning the effectiveness of modern-day monetary systems.

At the same time, there is a clear lack of trust in central banks. Consider the U.S. Federal Reserve, for example. While the Federal Reserve is meant to be an independent central bank, it has its governors appointed by the President of the United States, and it also frequently engages with the Treasury, meaning that,…