When it’s better to be a debtor, Emerging from crisis – preventing the next
Thursday 20 August 2020 – Vol.11 Ed.34.4
Commentary: When it’s better to be a debtor
By Chris Papadopoullos in London
A new era of inflation – or deflation – would create financial winners and losers among the world’s major lender and borrower economies. An inflationary macroeconomic environment tends to benefit holders of equities and punish holders of bonds. For most advanced debtor economies, equities take up a...