September 8, 2016

A DEFLATIONARY EPOCH:

European Central Bank weighs stimulus as inflation lags (DAVID McHUGH, 9/08/16,Associated Press)

Draghi and the ECB are faced with inflation of only 0.2 percent annually, far below the bank's target of just under 2 percent. Chronically low inflation suggests the economy is not hitting on all cylinders, even though the currency union is enjoying a moderate economic upswing. 

In other words, it suggests nothing of the kind.

Posted by at September 8, 2016 2:46 PM

  

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