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Japan's effort at super QE is likely to export its deflation to trading partners. John Mauldin has a long a analysis of this in his current newsletter. Our occasional guestblogger Yves comes to a similar conclusion. He wraps it into … Original post: Let's Export Our Deflation – All Japan , All the Time :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. See the original article here: Randy Wray — Hyman Minsky and the Employer of Last Resort. Collection of Minksy's articles on the JG, and a link …. Mosler Discussing Deflation on WKRO Radio Recordin… Austerity is not the only answer to a debt problem … More: Japan's economy minister Amari: Japan will try to escape deflation ASAP. View the original here: U.S. wholesale prices fall sharply in April U.S. wholesale prices sank in April for the second straight month as the cost of gasoline and vegetables. More: http://www.nytimes.com/2010/10/17/world/asia/17japan.html?pagewanted=all http://www.economist.com.hk/node/15174533. View article: Corporate good price index has been below zero for 13 consecutive months, and this result is also expected to come in below zero. The war on deflation in Japan has a long way to go. Read the article: To quote Minsky (1986) on current models, “A theory that denies what is happening can happen, sees unfavorable events as the work of evil outside forces (such as the oil crisis) rather than as the result of characteristics of the economic mechanism, may satisfy the politicians' need for a villain or scapegoat, but such a theory offers no useful guide to a solution of the … Thus I've decided to stop wasting my time with “gold is money, deflation is not that bad”-crowd. Follow this link: Japan's policy mix is reflationary – with some like Kyle Bass intimating it is even hyper-reflationary. On the other hand, Europe's policy mix is deflationary – with some like me and the other Edward arguing that it is even debt … Continue Reading: |
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