The Global Economy
Deflation Warning: The Next Wave
From the article:
We’ve been tracking the deflationary impulse for a while, and declared deflation the winner back in July of this year.
A Failed Strategy
What exactly do we mean by deflation? Back in 2008 the central banks of the developed world, as well as China, had a choice:
admit that prior policies geared towards encouraging borrowing at a faster rate than income growth were a horrible idea, or
double down and push those failed policies even harder