According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will also remain neutral. This forecast is little more than an extension of the trends of the past…
Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy – Persistent low rates leave central banks with no ammunition to fight next crisis – BIS says short-sighted central banks and governments contributed to current weaknesses –…
Borrowing in USD was risk-on; buying USD is risk-off. There is a lively debate about the global demand for U.S. dollars: Global finance faces $9 trillion stress test as dollar soars (Telegraph.co.uk) Is There a US$ Shortage? Will it Sink…