$12 Trillion of QE and the Lowest Rates in 5,000 Years … for This?

by Jeff Cox

The numbers are daunting if not shocking: $12.3 trillion of money printing, nearly $10 trillion in negative-yielding global bonds, 654 interest rate cuts since Lehman Brothers collapsed in 2008.

Those actions have resulted in global growth in advanced economies that likely won’t eclipse 2 percent this year, inflation levels that remain well below targets and a burgeoning global debt problem that remains unresolved, withstood only through the lowest interest rates the world has seen in 5,000 years.

Put together, it all amounts to the “astonishing history investors are living through today,” said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch who compiled the aforementioned statistics.

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