Of Interest

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Friday, June 6, 2014

QE And Ultra-Low Interest rates don’t fight deflation – they CAUSE Deflation

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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