The Black Hole Engulfing the World's Bond Markets

> In Europe, there are fears that the continent is following the path of Japan’s so-called lost decade, where policy makers struggled to revive anemic growth and inflation. ...

That decade was the 1990s, and Japan has never managed to stimulate significant consumer inflation since, despite massive deficit spending and outright publicly-announced purchases of stocks by the central bank.

https://en.wikipedia.org/wiki/Lost_Decade_(Japan)

One question this article doesn't address is how long this funhouse hall of mirrors continues.

Judging by worldwide investment appetite for negative-yielding, long dated bonds, and the example from Japan and now Europe, the answer seems to be much longer than what might seem reasonable today.