Whilst it is still early days yet for the vaccine programmes, eventually, many people around the world should be able to fight off, and eventually put this awful pandemic behind us.
A couple of economists reckon that the US Federal Reserve could start tapering a gradual withdrawal of monetary stimulus. They think that 10-year Treasury yields could approach 2% by the end of 2021.
There was a time when we could have earned some interest on any cash that we leave in the bank. That could have gone a little way to ease the damaging effects of inflation. But not any more.
There is a pretty good chance that gold could rise further, even though it has come off its all-time high. But – and here is the big but – I won’t be buying any.
Whilst it is still early days yet for the vaccine programmes, eventually, many people around the world should be able to fight off, and eventually put this awful pandemic behind us.
