This will be added to over time as I compile resources and commentary. Stay tunes for a dump of materials in here from another resource I am compiling.
Here is a link to an article from the FT on the risk low interest rates may pose to the long term health of the insurance industry (pay wall): https://www.ft.com/content/8449aa3a-795e-11e7-90c0-90a9d1bc9691
Charles W. Calomiris, “The Microeconomic Perils of Monetary Policy Experiments. He hypothesizes that under a very low interest rate environment, banks may actually be less inclined to lend because of the low profits to doing so. Whether this hypothesis holds or not depends on to whom he is referring to. Consumer and business lending can still carry a good spread in a low interest environment, though risks are also going to be higher.
FT article on how QE has led to a “Billionaire Boom,” and the political implications of that, if it’s true. Here is a particularly disturbing quote, from a normally staid publication:
“The rich have become much richer; corporate wealth has become more concentrated; soaring house prices have created intergenerational strife; low yields have made all but the super-rich paranoid that they will be entirely unable to finance their futures. Most markets have ended up overvalued (this will really matter one day), while pension fund deficits and a constant sense of crisis have discouraged capital investment — and have possibly held down wages in the UK.”
Another article from the FT, revealing some possible places that seller of bonds during QE may have parked their money, in sometims shaky corporate lending schemes that banks have been scared or regulated away from: https://www.ft.com/content/1cc0e030-ba96-11e7-8c12-5661783e5589