Nakamura sees similarities between the movie and real life: Several economies have created a make believe world dominated by boosted household balance sheets, increased private consumption, accelerated job growth and ballooning asset prices.
At the height of the Covid-19 pandemic in the middle of 2020, policymakers in the most advanced economies were staging their own real-life The Truman Show, reckons Lombard Odier’s chief investment officer Jean-Louis Nakamura.
He is referring to the 1998 psychological comedy-drama, which tells of Truman Burbank (played by actor Jim Carrey), a man adopted by a media corporation and made the unsuspecting star of a long-running reality series The Truman Show, where he lives in a simulated world created by TV executive Christof (played by actor Ed Harris).
