In the News

"Hasta La Vista, Baby", Oppenheimer Asset Management, 24 February 2021.

"Angles morts du débat sur la dette publique" (French), L'Opinion, 24 February 2021.

"700 years of Falling Interest Rates", Moncrieff Show, Newstalk (radio interview), 17 February 2021.

"Anleihen mit negativer Rendite lohnen sich" (German), Wirtschaftswoche, 2 February 2021.

"Why economics needs to wake up to ageing populations", Financial Times, 2 December 2020.

"Return of a higher yield era?", Barclays Capital, 19 November 2020.

"Moments in money: the first interest rates", Spear's Magazine, 18 November 2020.

"Does economic growth boost stock prices?", The Economist, 24 September 2020.

"Negative interest rates are becoming the new normal", Brussels Times, 23 July 2020.

"Money is getting ever cheaper" (Polish), Prawda Gazeta, 10 July 2020.

"The effects of Covid-19 could deepen secular stagnation", Financial Times, 31 May 2020.

"What 700 years of falling interest rates tell us about our economic future", New Statesman, 21 May 2020.

"Inflation: Rates will remain low after the Recession", Credit Suisse, 20 May 2020.

"Kann Deutschland jetzt hohe Schulden machen?" (German), IfW Kiel Focus, 11 May 2020.

"Pandemics always influenced interest rates", Gulf News, 25 April 2020.

"If COVID-19 is Like Past Pandemics, We Could Face Decades of Economic Fallout", Forbes, 16 April 2020.

"Past pandemics had lasting effects on rates, U.S. study says", The Globe and Mail, 13 April 2020.

"Die Ökonomie des Todes" (German), Sueddeutsche Zeitung, 10 April 2020.

"The world was already slowing down long before lockdown", The Telegraph, 3 April 2020.

"Black Death Makes Us Think About Interest Rates", Bloomberg Opinion, 28 March 2020.

"Schicksalhafter Nullzins" (German), Institutional Money, March 2020.

"Kann Deutschland jetzt massiv Schulden machen?" (German), Sueddeutsche Zeitung, 24 March 2020.

"History tells us Coronavirus effect will be short and sharp", The Telegraph, 17 March 2020.

"Paul Schmelzing on the 'suprasecular' decline of global real interest rates", Macro Musings podcast (Mercatus Center), 24 February 2020.

"Finance, Bubbles, Negative Interest Rates, the What Ifs...", CFA Institute, 24 February 2020.

"Are negative interest rates here to stay?", International Banker, 19 Feburary 2020.

"Negativzinsen als Normalitaet" (German), Cicero Magazin, 17 February 2020.

"Suprasecularly speaking...", Rothschild & Co. Wealth, 29 January 2020.

"Les taux d'interet baissent...depuis un demi-millenaire" (French), Les Echos, 28 January 2020.

"Al 500 jaar op weg naar rente van 0 prozent" (Interview, Dutch), De Volkskrant, 24 January 2020.

"Der Zins sinkt schon seit dem Mittelalter", (Interview, German), Die ZEIT, 22 January 2020.

"What interest rates dating back to 1311 reveal about the global economy", Quartz, 19 January 2020.

"Negativzinsen sind unausweichliche Konsequenz der Geschichte", (Interview, German), FOCUS, 16 January 2020.

"700 års erfarenhet: Därför kommer räntorna falla ännu mer" (Swedish), Dagens Industri, 14 January 2020.

"Bond data back to the Black Death shows low rates could be here to stay", CNBC, 14 January 2020.

"Past Interest Rates and Future Growth", Project Syndicate, 13 January 2020.

"Capital in the 14th century", The Economist, 9 January 2020.

"Against secular stagnation", FT Alphaville, 8 January 2020.

"Eight centuries of history tell us interest rates will get lower and lower forever", The Telegraph, 8 January 2020.

"Rates have been falling for eight centuries – BoE research", Central Banking, 6 January 2020.

"Zwei Prozent Negativzinsen könnten in Zukunft zur Normalität werden" (German), Welt am Sonntag, 5 January 2020.

"Negative Interest Rates aren't such a Departure After All", Bloomberg Opinion, 2 January 2020.

"Claims about real rates of return", Marginal Revolution, 6 December 2019.

"Global bond bull run has reached historic levels", Financial Times, 8 September 2019.

"The suprasecular stagnation", Brad DeLong: Grasping Reality, 5 February 2019.

"A 500 year bull market shows its age", Grant's Interest Rate Observer, 25 January 2019.

"Here's what happened the last time the bond market crashed", Money Week, 10 November 2018.

"The 'suprasecular' stagnation", VoxEU, 24 May 2018.

"Gradually rising interest rates? Don't be too sure", Schroders blog, 28 March 2018.

"Medieval wisdom on when to start worrying about the bond market", Bloomberg View, 24 January 2018.

Daily shot, Wall Street Journal, 21 December 2017.

"The Trump bear market for bonds is fast arriving", Financial Times, 4 December 2017.

"PIMCO: thoughts on global macro by Joachim Fels", 20 November 2017.

"Where are interest rates headed?", National Business Review, 17 November 2017.

"7 centuries of interest rates: there is a warning for investors in this chart", Marketwatch, 10 November 2017.

"Centuries of data warn of rapid reversals from low interest rates", Bloomberg, 7 November 2017.

"Real rates since 1311", Wall Street Journal 'Pro', 6 November 2017.

"Bond markets set for a taste of the 60s as inflation picks up", Reuters, 30 January 2017.

"How the world's biggest bond bull market could all come crashing down", Bloomberg Odd Lots podcast, 17 January 2017.

"Schmelzing: perfect storm can quickly turn bond market", Bloomberg TV, 12 January 2017.

"Schmelzing on bonds: why investors face years of losses", Bloomberg TV, 10 January 2017.

"The Market Warnings Out Of Harvard", Barron's, 4 January 2017.

"Harvard academic sees debt rout worse than 1994 'bond massacre", Bloomberg, 4 January 2017.