Originally Posted by
sermo
.................but for larger nations with printing presses such as the US and Japan,
the most likely outcome is simply more debt and more devaluation.
And with plenty of money sloshing around chasing too few assets, bonds will probably continue to be bid.
The only thing that would reliably kill the bond market is higher interest rates from central banks.
The trouble is, higher rates would also kill the market for everything else and trigger a depression.
Could an inflation scare occur?
Demographics, unproductive debt, and technological advancements put the chance of
a sustained period of inflation pretty low, despite (or because of) the best efforts of Central Bankers.