Mr Bearbull 

History’s heart beat

Mr Bearbull

Mr Bearbull
History’s heart beat

We look ahead first by looking back. From the perspective of financial markets, what was the most important event of 2019? Depending on your bias, you might opt for the tit-for-tat trade tariffs hoisted between the US and China; or the implosion of open-ended funds run by Neil Woodford; or maybe July’s inversion of the yield curve on US Treasury bonds. Those who want to seem clever might suggest that, actually, what was most important did not happen – a reference to the global recession that never quite materialised.

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