• Central banks in the developed world have just about thrown everything and the kitchen sink at the forces of deflation, with fairly little to show for it.
• After the US and the UK, the Swiss have now been the third to throw in the towel.
• Is this a general retreat? Are we going to succumb under the forces of deflation? Is there nothing else we can do?

The Day The Central Bank Powers Came To An End | Seeking Alpha