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Lunchtime Links 4-21
Rolfe Winkler —
... Deflation Returns to Britain for First Time Since 1960 (Guardian) Quantitative easing by central banks doesn’t lead to an increase in the money supply (= money + credit) unless banks are willing to lend. This is why Fed heroics may, in the long-run, not lead to inflation. On the other hand, if government destroys confidence in the dollar, we could see a “sudden stop” event as described by ...
Deflation Returns To U.K.
Mish's Global Economic Trend Analysis —
Inquiring minds are reading Deflation returns to Britain for first time since 1960. Deflation returned to Britain for the first time in nearly five decades last month as prices measured by the retail price index (RPI) were lower than the same time a year ago. David Kern, chief economist at the British Chambers of Commerce (BCC), said: "The RPI is in negative territory and fell by more than expected. Deflationary pressures could make the recession worse in the short-term, despite quantitative easing and the huge budget deficit posing inflationary pressures ...
Deflation Returns to Britain?
GoldSeek.com —
... | Source: GoldSeek.com By Gary Tanashian Did you know deflation has returned to the UK for the first time since JFK was running for president of the US? Well, this guardian.co.uk article wants you to know that yes, it is true! DEFL A T I O N has returned! "Deflation returned to Britain for the first time in nearly five decades last month as prices measured by the retail price index (RPI) were lower than the same time a year ago." I have not belabored this point for a while now because with all the hopeful market activity of late, sprung by the heroic inflation efforts ...
