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The rise of fiscal stimulus and what it means When Mario Drag | Forex Trading Experts 📊 HYCM

The rise of fiscal stimulus and what it means

When Mario Draghi left the ECB, his rallying cry was that the ECB had done its work and it was the role of fiscal stimulus to help further. We live in a new era when it is not banks that primarily provide capital for growth, but governments. The foundation was laid in the global financial crisis of 2008-2009. A number of banks were overexposed, and over-leveraged, like giddy retail traders, were left out of capital. Who bailed them out? Governments.

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