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Absolutely, though of course it's not even close to leveling mountains yet. It's much worse in some places than in the US. For example the Swiss 50 year bond i
by H8crilA 6y ago
Absolutely, though of course it's not even close to leveling mountains yet.
It's much worse in some places than in the US. For example the Swiss 50 year bond is currently priced at -0.36%, and this is "high" given recent yields history. Switzerland is already buying nearly every financial asset it can with printed money, including US stocks, but the credit markets don't give a damn. Swiss mortgages have theoretically infinite duration (you never pay it back by design). Austria has some extremely low yielding 100 year bonds despite not having existed yet for 100 years (in the current form). The deflation is just too strong.
- hammock 6y agoWe have been leveling mountains for a long time already. https://www.google.com/search?q=strip+mining+leveling+mountains&rlz=1C5GCEA_en&sxsrf=ALeKk01vxgY1V7NG-M8k_z3tLLr1A2i51g:1601938368667&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj2hKq7xZ7sAhUugnIEHZLNAfsQ_AUoA3oECBYQBQ&biw=1280&bih=673 https://www.google.com/search?q=strip+mining+leveling+mounta... And the reason deflation is bad is because we got hooked on debt long ago and wouldn't be able to pay the interest..