The number one topic for all investors remains interest rates. The return on cash is plumbing new lows and all forms of fixed interest are arguably returning negative real rates. For savers or those who rely on fixed income returns, this is a significant issue.
What most people struggle to understand is how can we be 10 years past the GFC and interest rates are still going down? A very fair question.
All Central Banks are “inflation targeting”, or in the Fed’s case, the dual mandate of employment and inflation, and inflation remains almost non-existent by traditional measures.