Saturday, September 27, 2014
DEFLATION all around
This could be enough to tip oil futures smacking down towards $80 or $60 a barrel. Asset values across the board will tumble, European rates will turn SERIOUSLY negative, and all those fancy pants renewables projects collapse. With central banks misinterpreting this as a monetary issue when it is in fact a technological revolution, QE and negative rates will send property prices to the moon.