In the world of Trump’s economy, RBA’s rate rise was the easy part

Over the past two decades, the world has faced two major economic disruptions that created great uncertainty for a time: a financial crisis caused by a lack of appropriate banking regulations and a pandemic. Recession or depression resulting from banking crashes is familiar to anyone who has studied 19th-century history, but the interconnectedness of global financial markets turned the events of 2008 into a global crisis. And the pandemic was the first time in 100 years that the world was dealing with a seriously lethal virus.