In hastily arranged emergency meetings, monetary politicians in almost all of the major economies announced programs with a volume of several hundred billion, adding up to sums of trillions.
A real tsunami of liquidity is rolling towards the markets and economies.
This brings up a danger reminiscent of the 1920s: the return of inflation.
Even if the major price jumps may not materialize for a few years, savers and investors would do well to prepare for this scenario now. An age of money glut is dawning, and this age requires new thinking - and a different way of investing.