Bonds Are Pricing In Possibility of Global QE, Says Pictet's Ducrozet

The transcript discusses various economic scenarios, focusing on the potential for rate cuts and the strength of the US economy. It highlights market inconsistencies, particularly in pricing and term premiums, and compares current conditions to those in 2016. The role of central banks and the possibility of quantitative easing are considered, along with the risks of deflation and a global recession. The bond market's response to these factors is also examined.

Discuss the potential consequences of a global recession on inflation expectations.

What does the bond market's pricing suggest about future economic conditions?