Article source: CMDGroup
Part 1 of this Economy at a Glance introduced the topic of a dozen major ways in which the structure of society and the framework of the global economy are changing beyond what humankind has ever experienced before.
In Part 2, let’s dive right in with transition number (4), which will then lead organically into (5) and beyond.
(4) Rock star central bankers: Given that establishment politicians have been passing out of favor, maybe it’s just as well that central bank Chairmen and Governors have stepped into the spotlight.
Changes to taxation, spending and other fiscal tools to guide the economy have fallen out of favor and almost the whole responsibility for managing output, employment and other prosperity indicators has fallen on each nation’s central bank.