Greece is the word: Could a default spark a complete economic derailment?

  Financial repression has deepened further with around 24 central banks having already eased their monetary policies so far this year. Indeed, we even have countries such as Sweden, Denmark and Switzerland that have negative interest rate policies, whilst the likes of Julius Baer have reputedly started charging their large depositors for holding their cash. Thanks to unconventional central bank policies over the past few years, we are now living in a new paradigm of lower interest rates, inflation and subdued global growth. What we still don't know is whether this strategy has been a...