Fiscal And Monetary Stimulus Has Failed – What Next?Rupert Hargreaves
Guest post: Fiscal And Monetary Stimulus Has Failed – What Next? by Jonathan Rochford, CFA Portfolio Manager of Narrow Road Capital Pty Ltd
In 2009 a small group of analysts dared to question whether emergency stimulus measures were the beginning of the “Japanisation” of Europe and the US. Ultra-low interest rates, large budget deficits and then quantitative easing were all meant to be temporary. Seven years later, only the most optimistic could . . .
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