People crave clear narratives. The first series of NBC’s TV show Heroes was showered with Emmys, Golden Globes and Baftas. It could be summed up in six words: “Save the cheerleader, save the world.” On April 2 2009 the G20 communiqué gifted to markets another simple narrative. It promised among other things: “to restore confidence, growth and jobs”, “repair the financial system” and “an unprecedented and concerted fiscal expansion”. This helped the global economy heal after the great recession and equity markets to rally faster than at any time since the 1930s.
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