The key takeaway here is that this is global, not isolated. Hyperinflation happens when it is one country who prints to pay off debts in foreign currency and the market then loses all faith in its currency and governance, quickly spiraling out of control. In that case there are alternatives, so no one holds or accepts the hyperinflating currency, instead trading it for another currency, or hard assets as fast possible before it is even more worthless.
When it is occurring to all major economies at once, there are no alternatives, just some are really bad, and others just terrible, making it quite sustainable for longer than anyone thinks possible.
In this case, everyone is offering negative rates, and many pension funds are mandated to hold government debt, plus other asset classes are deflating.
When it is occurring to all major economies at once, there are no alternatives, just some are really bad, and others just terrible, making it quite sustainable for longer than anyone thinks possible.
In this case, everyone is offering negative rates, and many pension funds are mandated to hold government debt, plus other asset classes are deflating.
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