U.S. Fed is the Global Driver of Monetary Policy

The video discusses the current state of credit portfolios, emphasizing the preference for credit risk over duration due to market conditions. It highlights differences in economic trajectories between the UK and US, with a focus on the impact of Brexit and inflation. The role of US markets in global monetary policy is examined, noting their influence on other central banks. The discussion shifts to corporate cash reserves, exploring their potential impact on market dynamics and the likelihood of cash being directed towards equity rather than debt reduction. Finally, the video analyzes European credit markets and global risks, including the Evergrande situation and its potential effects on global growth.

What is the significance of the Fed's role in global monetary policy as mentioned in the text?

In what ways could the Evergrande situation impact global credit markets?

How might a deceleration in China's growth affect global markets?