The angst spreads.
Call it deflation angst. See Draghi's drag may be coming to an end.
Today's WSJ has caught the virus, saying the Fed hopes to "push very low inflation from 1% toward 2% level that officials associate with healthy business activity."
All this central bank hand wringing backed up by data that, at best, can only be defined as amorphous is probably the best contrarian sign central bank seers will prove when all is said and figured they are in their usual spot--behind the curve.
So e might call all this central banker concern pessimism. We call it over enthusiasm to the down side. Look around you'll find plenty of inflation starting wages that have been petrified for years. The proof isn't in the pudding; it's in the measuring.
http://online.wsj.com/news/articles/SB10001424052702304058204579491661272647786?mg=reno64-wsj
No comments:
Post a Comment