The modern economic and political cycle: Wash, rinse, repeat
The global financial markets and economy have been unable to return to steady growth following the financial crisis that began in 2008. This has not been without occasional bouts of optimism, where momentum builds as market participants embrace a growing expectation of reaching a critical escape velocity. However, these sentimental boosts have been fleeting. While each round has been distinct, it is worthwhile to note that the cycles are eerily similar.
The following is taken from the latest Quarterly Insights commentary from Glenmede.
"History doesn't repeat itself, but it does rhyme" – Mark Twain
The cycle is repeating, or at least rhyming
The global financial markets and economy have been unable to return to steady growth following
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