The Race To Zero

In was 10+ years ago when A bunch of LSE economists and I were discussing zero rate policies for the U.S. It was apparent then that the road for the U.S was headed that way. Today, the race is on. The economies that get there first has a higher probability of coming out sooner. Market will favor these economies. The slower to adapt will face "more" disfavor. Ceteris paribus... the global economies faces similar challenges and there's one that has been in this for a long time. Take a page off the book of Japan and one can see what had worked and what had not worked well in QE. The implementation of QE by japan may shed even greater light for the way out of this tunnel .