It has always been a pretty sound rule of thumb that deflation is good for fixed interest bonds and bad for equities. But not any more. Bond markets are running scared of heavily indebted developed countries that cannot print money.
通縮有利于固定利率債券、不利于股票,一直以來都是非??煽康慕涷灧▌t。但如今情況發生了改變。債券市場正因負債累累的發達國家無法印鈔而變得戰戰兢兢起來。
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