Tim Price of Price Value Partners discusses the Eurozone "doom loop", with negative interest rates impacting banks' business models and leading to the destruction of money while bail-in rules cause a slow-motion (but quickening) bank run as funds seek safety in government bonds. Tim explains why the ECB's new head Christine Lagarde may be powerless to stop a deflationary recession, why gold is back in favour and why diversification may be the last free lunch in finance.
