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 Orrin Judd at September 8, 2016 2:46 PM