Juliette Declercq, founder of JDI Research, argues that the biggest effect that extreme monetary policy has had on markets is psychological, and has resulted in a global savings glut. Declercq discusses why her outlook on global markets has changed since the beginning of the year, and demonstrates why monetary policy has not achieved the desired outcome. Considering the ECB and the Fed have doubled down on lowering rates further and "QE eternity," Declercq reveals her forecast for yields, inflation, and equity markets. Filmed on September 19, 2019 in London.