The Deflation Calamity Howlers Are Dead Wrong—-In Europe And Everywhere Else

The calamity howlers of deflation are out in force this morning owing to an absolute economic non sequitur. Namely, that year-on-year consumer prices in the EU came in at negative 0.2% in December, implying that ECB printing presses need to go into immediate overdrive. Well, of course the CPI has momentarily weakened. Crude oil has experienced a monumental plunge of more […]
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