JEast Posted January 9, 2014 Share Posted January 9, 2014 A brief macro-drama update. Some may recall the one hit wonder song by The Vapors "Turning Japanese". If so, are we all turning Japanese with low inflation ahead outside of Venezuela and Argentina with their 1950s price controls model? And why is the ECB so worried about deflation with their November rate cut? I guess because inflation is at about 0.5% in Europe for the year and far short of the 2% target. If the ¥en goes to to 120, expect Asia to start exporting deflation in mass. Draghi faces deflation threat as ECB, BOE meet Cheers JEast Link to comment Share on other sites More sharing options...
stahleyp Posted June 5, 2014 Share Posted June 5, 2014 http://money.cnn.com/2014/06/05/news/economy/ecb-rate-cut/index.html?iid=Lead "The European Central Bank, in a bid to boost the economy, cut interest rates to a new record low Thursday and started charging banks that use it to park cash." Link to comment Share on other sites More sharing options...
PatientCheetah Posted June 5, 2014 Share Posted June 5, 2014 Europe is turning Japanese - still daydreaming about its glory days and unwilling to face the new reality. US isn't. US takes its writedowns and recap its banks and moves on to better things. Link to comment Share on other sites More sharing options...
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