Race to zero

Hi,

Its race to zero with falling equity markets, collapsing housing and commodities and many economies already in recession. many central banks across the world are cutting interest rates in a co-ordinated fashion. we may be here for ultra loose near zero interest rate regime.
US - 1% - multi decade low
Japan - .3% - heading for another deflation
ECB:European Central Bank - 2.75
BOE:Bank of England - 3% lowest since 1955
China - 3.25 - following largest cut in 13 years
India - 5.25 - cuts on CRR and SLR releasing Rs 160,000crores
Czech, Swiss and Denmark - 1%

These are perfect seed setting for a future bubble.