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Or worse: BAML had a great piece recently that QEternity (cough) has actually stoked deflation by reducing low-risk asset yields to zero, which forces many save
by qeternity 6y ago
Or worse: BAML had a great piece recently that QEternity (cough) has actually stoked deflation by reducing low-risk asset yields to zero, which forces many savers to save more as relatively risk-free income disappears, which lowers consumption and thus inflation, prompting more QE...rinse and repeat.
- aaronblohowiak 6y agoOooh, do you have a link?