The Disinflation Story: More Evidence

May 17, 2013

This article updates an earlier blog entry posted two weeks ago.  The latest exhibit of global disinflation comes from Canadian April consumer price data released today.  On-year total inflation in Canada of 0.4% was sharply less than the 2.0% 12-month increase in the year to April 2012.  Excluding food and energy, consumer prices advanced 0.7%, […] More


April 30, 2013

U.S. housing prices crested just about seven years ago in the spring of 2006.  The sub-prime mortgage loan crisis struck in the summer of 2007, and much of the world slipped into an awful recession in 2008.  By 2009, deficit government spending swelled, and nominal central bank interest rates were approaching zero in the who’s […] More