Friday, April 30, 2010

The best way to identify a Predator Class economist

Is to ask his opinion on inflation.  Even now with deflation stalking the planet, there are probably still economists cranking out mindless papers about their inflation worries.
It's As If The More Japan's Ancient Printing Press Keeps Churning, The More Prices Keep Deflating
Vincent Fernando, CFA | Apr. 30, 2010, 3:59 AM  
Japanese unemployment has continued to rise, while prices continued to fall according to latest monthly data.
The nation is also maintaining the same old policy near-zero interest rate policy. The Bank of Japan said they would keep their key policy rate unchanged at 0.1%.
We probably shouldn't expect a change from this for a long, long time. Japan has kept the printing press churning for quite some time now, yet prices keep falling, even after the modest economic rebound. more

1 comment:

  1. Hmmmm perhaps you should talk to someone from post war Germany.