krugman.blogs.nytimes.com - 7/3/2009
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The grim jobs number wasn't the only scary thing in today's BLS report. Here's the rate of wage change over the past three months, expressed as an annual rate:
Bear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth. So we're really heading into ...
globaleconomicanalysis.blogspot.com - 6/28/2009
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globaleconomicanalysis.blogspot.com —
Concern over Japanese deflation is increasing. Please consider
Japan Succumbs to Deflation as Consumer Prices Fall Record...
1.1% . Japan’s consumer prices fell at a record pace in May, adding to the risk that deflation will become entrenched and hamper ...
(more)
Embrace Deflation - It's The Cure, Not The Problem
hf-implode.com - 7/10/2009
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hf-implode.com —
" A reader asks: "Are defaults deflationary? When
borrowers default on loans, does not the currency disappear...
in the same manner that it appeared?" I answer:That's the popular thought, they call that "deflation", but it's not what is happening."
(more)
Refuting the Deflation Scare
hf-implode.com - 7/1/2009
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hf-implode.com —
``The biggest elephant in the wayward Deflationist living
room is the strong crude oil price. If deflation...
(whatever they believe that means) is to dominate, then the crude oil price should be around the 40 level. It should be scraping the bottom. Instead, it has staged a rebound that has ...
(more)
Walls to Block Deflation
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Another Involuntary Landlord and Summary
Calculated Risk —
... the number of jobs lost). The current recession is now the 2nd worst recession since WWII in percentage terms - and also in terms of the unemployment rate (only early '80s recession was worse). And a few posts: Employment Report: 467K Jobs Lost, 9.5% Unemployment Rate Unemployment: Stress Test Scenarios, Diffusion Index, Weekly Claims Employment-Population Ratio, Part Time Workers, Hours Worked From Paul Krugman on wages: Smells like deflation The FDIC reports seven bank failures (a weekly high for ...
Further reading
FT Alphaville —
Principal content Further reading Posted by Gwen Robinson on Jul 03 08:11. Elsewhere on Friday, - So much for those ‘green shoots’ - How to read US employment figures - Smells like deflation - How AIG FP brought down the world - Statistics and basketball for beginners - The return of big pay packages - 83 stocks that doubled your money - Bill Gross: ‘bon’ or ‘non appetit’? - Raging bulls in Buenos Aires - Taibbi goes on air - The dumbest moments in business - Further, further reading ...
Related Content
DEFLATION ?
angrybear.blogspot.com 3/22/2009 — By Spencer, Did you know that over the last six months the compound growth of the total CPI was -5.0%. Of course that is up from January when it was - 5.8%. You have to go back to 1948 to find actual deflation like this, when it bottomed at -4.2%.. ...
Deflation Threat? What Deflation Threat?
globaleconomicanalysis.blogspot.com 10/6/2009 — The deflation " recognition phase " has finally arrived. Kroger foods, Costco, and Walmart are blaming deflation for a drop in earnings. Moreover, many high profile names are discussing deflation, something most thought could never happen. Please ...
Deflation?
economistsview.typepad.com 4/16/2009 — With the decline in consumer prices today, people are beginning to talk about
the risk of deflation once again, though it doesn't appear there's much worry
since the decline was driven mainly by energy prices:
For the first time in over a half ...
Wage Deflation?
gregmankiw.blogspot.com 2/11/2009 — A reader asks me about this passage from today's Paul Krugman column : We’re already closer to outright deflation than at any point since the Great Depression. In particular, the private sector is experiencing widespread wage cuts for the first time ...
Deflation?
gregmankiw.blogspot.com 6/18/2009 — The above graph, from the Cleveland Fed , shows inflation as measured by the consumer price index and by a measure called the median CPI. As every grade school student learns when the teacher reports result of the latest test, the average of any ...
Deflation Has Gone Global
globaleconomicanalysis.blogspot.com 4/17/2009 — Deflation properly defined is a net decrease in the money supply and credit, with credit being marked to market. Deflation by that measure went global long ago. This post however, is in reference to sustained price drops widely (and incorrectly) ...
Deflation or disinflation?
VoxEU.org 2/11/2009 — Robert Ophèle , 11 February 2009 The recent rapid fall in inflation, amidst a financial crisis and a very sharp economic slowdown, has raised the spectre of deflation. But, this column argues, current dynamics in France and the euro area are actually ...
Deflation or Inflation?
ritholtz.com 8/20/2009 — The one question I seem to get more than any is on (Hyper) Inflation versus Deflation. As previously noted, we clearly are in a Deflationary party of the cycle now.
While inflation may occur ion the future, and the possibility exists for ...
Can inheritance taxes prevent deflation?
VoxEU.org 4/1/2009 — César Molinas , 1 April 2009 Deflation risks are more related to very low inter-temporal discount rates than to falling prices. This column argues that long-term pre-emptive action should be channelled through taxation rather than central banks. ...
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