International Monetary Fund chief Christine Lagarde says the global economy is facing ‘the risk of a new mediocre, where growth is low and uneven.’… Lagarde said Europe’s 18-nation bloc that uses the euro currency – collectively the world’s biggest economy – is facing the “not insignificant” risk of falling back into a recession. (VOA News)
Since at least the beginning of 2006, the most asked question I get after a speech is ‘Do you think we will have inflation or deflation?’ In an attempt at humor, my answer has been ‘Yes.’ I go on to try to explain that we are in a deflationary environment, but eventually we will see inflation. When QE1 was announced, there were many pundits (none of the Keynesian variety) who immediately said the risk…
This post was published at Mauldin Economics on OCTOBER 20, 2014.
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