The first round of the French presidential elections will take place on 10 April. We know who most of the candidates will be, but it is impossible to predict which of them will reach the second round.

In 2020, central banks responded to the outbreak of the crisis by pouring some $10 trillion of printed money into the economy. In what measured and responsible way did the markets react to such an unheard of cash injection? By engaging in an orgy of speculation without precedent in capitalism’s history!