History is full of financial crises. But each one was defined by something – a housing bust, a sovereign debt default, a hyperinflation or a bank failure or whatever. So, what is our current financial crisis defined by?

Has a financial crisis even begun? In fact, it could be over already, with the Bank of England reversing its quantitative tightening plans in order to avert a meltdown in the market for UK gilt bonds.

Or perhaps the real crisis is yet to come? Alternatively, are we in the middle of it…

The fact that we don’t know is incredibly important because of what it suggests about the future. In this context, we mean the future of stocks and bonds, and also the future of policy decisions.

So, let’s get to some answers…

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Nick Hubble
Editor, Fortune & Freedom