Deutsche Bank Blames Central Bank Stimulus For Economic Woes

Lower rates are forcing households to save more for retirement because they are not receiving enough interest on their savings to the tune of 1% of GDP.

Has the “unprecedented scale and duration of monetary policy easing” by EU, US and Japanese central banks led to what is a historically slow recovery? Is quantitative stimulus really an addictive pain killer that is responsible for “Secular Stagnation?” Deutsche Bank asset management researchers have an answer and it sings from the same song-book as did…

Related: Lower Rates Are Encouraging People To Save MORE Money: Deutsche Bank's Binky Chadha (Video)