…global recovery was organic, and how much was a byproduct of stimulus (monetary and fiscal). We are now going to find out how fast the world can grow on its own, relying on the private sector. Political and economic factors are bringing the era of the Helicopter Men (and not just
Helicopter Ben
) to an end. Markets are likely to be in for a bumpy ride as this takes place, with reduced return expectations for financial assets. How to adapt…