b) they all print money at the same time to debase their currencies to keep the currency value status quo and their export industries competitive
Im no expert (and I welcome comments on this) I believe the bond market is severely distorted because inflation numbers by governments are a lie basically. I guess bond yields are somehow related to inflation? I dont know, but it makes sense that a bond yield would not be lower than inflation rate - why would you offer it at lower?
in the end, people who save and lend money are the losers through inflation
those with debts they cant repay are the winners
because of this the west is driving itself into a debt ditch
