The US is postponing the inevitable. Yield curve inverted 6 months ago, a sure sign a recession is on the horizon. However the US, in the interests of a favourable outcome in the elections in November this year, do two very unwise things. Flood the market with free cash (a la Zimbabwe) AND cut interest rates! A recipe for disaster…delayed for now (but exacerbating it’s severity)…one wonders how the Corona virus effect on the Global economy is going to be ‘solved’.