A Note on Inflation – There Isn’t Any
Brett Buckley submits:
There’s been a lot of debate lately about whether there is inflation or deflation or disinflation or stagflation or inflation around the corner, or deflation around the corner followed by inflation…
Why does this matter? It matters because it can indicate whether we are in, or about to go into, a depression. If inflation is present, even soft, like 1-2%, it would suggest to me that the slow growth we are experiencing will ramp up eventually into a full recovery. This bodes well for a stable stock market and even for continued relatively low Treasury yields.
