by Simon Bond

You can read as many economic rationalisation notes and as many testimonies as you like, you can look at all sorts of charts and even turn them upside down if that makes them look better or you feel better.

The simple fact is this, advances in technology, the internet and cloud computing continue to destroy traditional businesses and the jobs that go with them. 

Each new business that is started employs less people to do more work, advances in robotics will hasten this situation.

So, Governments around the world will do "whatever it takes", this means that they will attempt to create inflation (God knows they have been trying), the alternative of Deflation is simply not acceptable. 

This means that we WILL be in for a period of low interest rates, singing from the same hymn sheet again. 

If they taper they will come up with an alternative.