My suspicion is that the global economy as a whole is already sliding into a deflationary period that could prove to be distressingly long. I do not believe it is an "if" or even a "when", but rather a "now".
For obvious reasons, I will not be disappointed to be proven wrong by subsequent events!
My suspicion is that the global economy as a whole is already sliding into a deflationary period that could prove to be distressingly long. I do not believe it is an "if" or even a "when", but rather a "now".
For obvious reasons, I will not be disappointed to be proven wrong by subsequent events!
Both during the Great Depression of the 1930s and the Long Depression of the 1870s, deflationary impulses were transmitted globally. As we saw with the serial liquidity crises during the Great Financial Crisis of 2007-2009, contagion is a real phenomenon. I believe current global conditions reflect a contagion effect by which deflation is being transmitted once again globally , even though we have not had a seismic event (yet) in financial markets to put a marker on the beginning of the contraction.
My suspicion is that the global economy as a whole is already sliding into a deflationary period that could prove to be distressingly long. I do not believe it is an "if" or even a "when", but rather a "now".
For obvious reasons, I will not be disappointed to be proven wrong by subsequent events!
Both during the Great Depression of the 1930s and the Long Depression of the 1870s, deflationary impulses were transmitted globally. As we saw with the serial liquidity crises during the Great Financial Crisis of 2007-2009, contagion is a real phenomenon. I believe current global conditions reflect a contagion effect by which deflation is being transmitted once again globally , even though we have not had a seismic event (yet) in financial markets to put a marker on the beginning of the contraction.
“Now” = wow. I literally got a chill down my back!