On current trends it will take till 2027 to bring the level back to that which applied in the early 1970s, when America had already exited what Minsky described as the “robust financial society” that underpinned the Golden Age … [...]
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What if the UK, US and European economies are actually going the same way as Japan ? If that's the case, and we're facing low economic growth and falling prices ( deflation ), then bond yields could go even lower. Is this the outcome that … [...] |
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