The entire West is so out of touch with reality that it's basically committing suicide. Putin and others have also said many times: "We don't have to do anything, nothing, we just have to watch the West destroy itself".
Fascinating figures - I had no idea the inflation rate had dropped so low in France. It raises many questions: it is likely to spread to all of the EU, and if so, how quickly? Are the politicians in France telling their constituents that this “low inflation” is a good thing, and so the people will be caught unaware? What would be the likely effect on this Japanification if the Ukraine’s war were to suddenly end? What would France have to do today to get off the path to deflation?
By the way, I saw a news video just a few days ago claiming that things in Japan are now getting worse, not better. Their debt/GDP ratio has become astronomical, and people in Japan are complaining that they can’t afford rice.
I get the overall sense that there are a whole lot of dislocation events coming in the world!
And yet, we hear virtually none of this from the corporate media. I get far more of the news that matters from you, Peter, than from my local media. This is one reason why I think the alternative media sources are destined for fast growth; you’ve got the hard news, not the mindless chatter. Priceless!
The entire West is so out of touch with reality that it's basically committing suicide. Putin and others have also said many times: "We don't have to do anything, nothing, we just have to watch the West destroy itself".
Fascinating figures - I had no idea the inflation rate had dropped so low in France. It raises many questions: it is likely to spread to all of the EU, and if so, how quickly? Are the politicians in France telling their constituents that this “low inflation” is a good thing, and so the people will be caught unaware? What would be the likely effect on this Japanification if the Ukraine’s war were to suddenly end? What would France have to do today to get off the path to deflation?
By the way, I saw a news video just a few days ago claiming that things in Japan are now getting worse, not better. Their debt/GDP ratio has become astronomical, and people in Japan are complaining that they can’t afford rice.
Ominous all around.
Thank you for this, Peter!
Macron probably thinks the low inflation is a good thing.
If it doesn't go any lower it might even be a good thing.
When it's this close to 0%, however, the question of “how low can it go?” becomes ominous.
More intriguing is why France is having such a dramatically different experience with inflation than the rest of Europe.
That is probably more significant in the near term, as it implies a dislocation event is approaching.
I get the overall sense that there are a whole lot of dislocation events coming in the world!
And yet, we hear virtually none of this from the corporate media. I get far more of the news that matters from you, Peter, than from my local media. This is one reason why I think the alternative media sources are destined for fast growth; you’ve got the hard news, not the mindless chatter. Priceless!