Inflation, deflation, and disinflation are all in the eyes of the beholder, and all depend on the definition. Still I expect another round of deflation possibly with prices but more importantly with credit, my preferred measure of "flation".
When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments.Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows symptoms of low growth, rising prices, and diminishing purchasing power.
Worried about inflation? Shut up, and learn to love quantitative easing.
I suspect most of you will reply an emphatic yes, but some of you will say no. Before I give you my take, please ponder a similar question: "Is inflation or deflation coming?"
If interest rates rise, as most of the world assumes will happen eventually, then a million dollars instantly becomes a lot less.
North Korean Officials Demand Removal of "Disrespectful" Kim Jong Un Poster...From London Barbershop | Daniel Doherty