We are optimistic about price stability. Here’s why…
If the economies of the world undertake $6 trillion in deficit spending for fiscal stimulus this year, what happens next year, if the stimulus is not renewed or increased?
Is it possible that low interest rates are driving deposits out of banks and into cash? If so, what does it mean for the banking system?
A tree is growing in the forest… when do you cut it down to harvest its wood? When it dies and threatens to fall on your house.
Yields on 10-year JGBs and Bunds are approaching zero. But the meaning of near-negative interest rates is different in Japan than in Germany.