AnotherSwede wrote:If the alternative is worthless currency and equity it is.
If the alternative is slowly, but not smoothly, losing nominal value, then smooth-ish 0% return is really good.
Not if you can prevent that to begin with. Which you can.
I am just questioning a quick and orderly return to positive yields and honest economics.
That is literally impossible right now.
There is no way back, and the longer we stay at NIRP, the worse that gets
If the market would be allowed to set the rates, as it's supposed to be, the game ends, or do you think Italy will last long with double digit rates? Because that's what the real rates are supposed to be. Or Spain, or Portugal or.....etc etc.
And what do you think happens with ALL the bubbles when rates go up? Real estate, stocks, everything is bubbly due to nirp.