The Monetary Death Spiral Is Accelerating

Summary

I provide an update to my “Monetary Death Spiral” thesis, which I believe will be significantly accelerated by the coronavirus pandemic.

Monetary easing leads to buildups of unproductive debt and to lower investment, expands inequality, dampens economic growth, and ultimately leads to negative interest rates.

The endgame of the MDS is not what most investors think.

How to invest for a deflationary, zero or negative interest rate environment.