Are near-zero interest rates the reason the ASX 200 is surging in 2020?

As we all know, the coronavirus pandemic has defined 2020. The global economy, chugging along just fine before the pandemic struck, has been hobbled like we haven’t seen in many of our lifetimes. Entire industries like airlines, travel, cruises, and tourism have more-or-less shut down at various points this year (an unthinkable occurrence in 2019).

Governments have borrowed and spent an unprecedented level of money, resulting in unparalleled levels of debt and deficits across the world. And while there’s been recent news of an array of potentially viable and successful vaccine candidates, we are all still living and working around this virus, some countries more than others. Either way, this is not exactly a recipe for a high…