![Investment Outlook 08.2020](https://imt.li/storage/2020/08/pexels-pixabay-47047-gold-bearbeitet-3-1000x420.jpg)
IMT Asset Management
Investment Outlook 08.2020
TOPICS
EDITORIAL
Politicians and market participants seem to be caught up in a sugar-rush-like euphoria. While politicians issue huge amounts of debt — cost-free as interest rates are zero or even negative — the investors are enjoying a market rally of almost all asset classes, detached from fundamental pricing models.
The sugar-providers are the central banks, which have forced real and even nominal interest rates into negative territory and have provided ample liquidity via various quantitative easing programs.