Above is an interesting video interview screened earlier today on CNBC with Paul Drake, Founder of View from the Peak: Macro Strategies.
In the interview, Drake argues:
- The European economy is facing a generational shift and a ‘lost generation”, whereby growth will be structurally lower for at least another 10 to 15 years.
- Monetary stimulus won’t work to heal the economy. Instead, genuine structural reforms are required.
- Japan’s QE program is a potential disaster and deflationary for everywhere else. The rest of Asia, Germany, and certain US corporates, in particular, will be badly effected.
