Brilliant: “Everything that criminology and economics teaches is that if financial elites are allowed to cheat with impunity they will make themselves rich at the people’s expense and corrupt democratic government.”
Source – washingtonsblog.com
– Deflation Threatens to Swallow the World: Many high-powered people and institutions say that deflation is threatening much of the world’s economy …
China may export deflation to the rest of the world.
Japan is mired in deflation.
Economists are afraid that deflation will hit Hong Kong.
The Telegraph reported last week:
RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
Andrew Roberts, the bank’s research chief for European economics and rates, said that global trade and loans are contracting, a nasty cocktail for corporate balance sheets and equity earnings.
The Independent notes:
Lower oil prices could push leading economies into deflation. Just look at the latest inflation rates – calculated before oil fell below $30…
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