Via Saxo:
Summary: With all the major central banks expected to be effectively zero bound in 2020, the scope for returns in bonds will be low for years to come.
Equities have hit multiple speedbumps since 2008. But every time, they came back to new all-time highs fuelled by endless policy action, mostly from central banks. Through quantitative easing and lower rates, central banks have engineered a now-evidently unsustainable investment boom in energy that cannot repay it itself, large-scale buyback programmes among US companies and ever-higher valuations for growth companies.
