Sure, Japan is the template for the West and
prime example, 25 years of printing yen with Zero rate bank rates. The
RE market is still 80% below it's 1990 peak and struggling to tread
water along with the Nikkei stock market which is around 70% down from
its heady 1990 >40,000 peak. Low bank rates + QE leads to deflation
“I Died Defending Junk Economics and Market Fundamentalism”
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