But there is also a more abstruse explanation. If a genuine, self-sustaining recovery is indeed establishing itself, then abundant central bank money printing will soon draw to a close, beginning the long march back to more normal interest rates. This may in turn signal the end of the present, manic hunt for yield in equities markets, corporate bonds, emerging market debt, buy to let and just about anything else that seemingly offers an above inflation rate of return.
via Recovering economy needs investors prepared to take a property risk – Telegraph.
