16 () posted 1 year ago by clearsmoke 1 year ago by clearsmoke +16 / -0 23 comments share 23 comments share save hide report block hide replies
Frankly, I am surprised, would not have guessed Japan for the no. 1 spot.
We forced it into their contract with a couple of hot potatoes in the 40's.
https://miro.medium.com/v2/resize:fit:640/format:webp/1*OC5qSegpEcndsLeJ-E2vmQ.jpeg
They were suffering from severe deflation for many years. Negative interest rates at home made low yield bonds attractive
We need a round or five of "severe deflation" in the USA, honestly.