Why Japanification and Secular Stagnation Are Bad, Bad News


Mario Draghi, the former European Central Bank president, is sounding alarms about “Japanification.â€� Janet Yellen, the former U.S. Federal Reserve chair, is warning of “secular stagnation.â€� They’re not the only ones who lately have been using these overlapping if somewhat obscure terms. They do, however, point to the same conclusion […]