Stale bear8 Sep 2016 10:35
I am reluctantly taking more seriously the idea of a weird kind of global japanification with loads of zombie companies surviving on free (or even neg interest rates lol)..if so, cash is great but may be outlawed..and equity without access to borrowing may be hammered
......I don't really understand how monetary easing hasn't stimulated inflation, but back in the 19thC debt deflation was common