Serra, Fels on Investing in a Low Yield Environment

The video discusses the chronic nature of negative yields and their impact on inflation and banking in Europe. It explores investment strategies in a low yield environment, comparing the Eurozone and US markets, and highlights the risks involved. The discussion extends to the impact of low yields on pensions and future growth, advocating for fiscal policy and infrastructure investment in Europe to enhance value for citizens.

Explain the analogy of antibiotics used in the context of negative interest rates.

What role does fiscal policy play in addressing the challenges posed by negative interest rates?