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British Sobs of Deflation
from The Daily Bell
Even Britain may be falling prey to Europe’s deflationary vortex … On the face of it, Britain is much better placed to weather deflationary threats than the eurozone … Rejoice! UK inflation has fallen to its lowest level in nearly 15 years, and is heading lower still – down close to zero, according to some forecasts. That’s a good thing according to the Chancellor, George Osborne, and in many respects, it is hard to disagree. Primarily, this is about falling prices for fuel, food and other non-discretionary items of expenditure, so the effect is like a big tax cut. – UK Telegraph
Dominant Social Theme: Deflation is coming!
Free-Market Analysis: The deflation meme remains in full cry in Western media. Europe is in a deflationary morass and only Mario Draghi and a Brussels QE can save Europe from appreciating currency.
Japan is printing as hard as it can and China is revving up the presses once again. But the talk is all about deflation, deflation, deflation. (Price) deflation …
Continue Reading at TheDailyBell.com…
Source: http://financialsurvivalnetwork.com/2015/01/british-sobs-of-deflation/?utm_source=rss&utm_medium=rss&utm_campaign=british-sobs-of-deflation
