This article has astonishing insight on current thinking at the higest level of central bank policy discussion. Very clearly there is growing awareness that over the last 5 years their policies have not provided anything close to a durable economic resolution and now there is very limited room for manoeuvre.
https://d21uq3hx4esec9.cloudfront.net/uploads/pdf/140426_TFTF2.pdf
Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in
