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Recent Posts

The Grumpy Economist: Deflation Skeptics

In other words: If Japan is in a twenty year recession caused by persistent deflation , we (Italians) have been in a twenty-year disaster that is much worse, and this notwithstanding that the Italian inflation rate, in the same [...]

Japan sees end to deflation after 20 years | The Times

Japan has finally pulled itself out of deflation after nearly two decades of falling prices. Inflation is now rising at the fastest rate since 1991, the year the asset bubble burst, propelling what was then the world's [...]

Hyman Minsky, Charles Darwin, and descent into the cover of minutiae

There was a curmudgeonly economist named Hyman Minsky (1919-1996). We're not economists and have only learned about him second-hand, after the fact, when what he said before the fact was born out by the [...]

Market Anthropology: The Long Tail of Deflation

With Japan's Nikkei now trading well into its twenty fourth year since its secular peak in 1989, we thought we would take a quick comparative look at the two most talked about deflationary spirals (as weighed by [...]

eFXnews : Japan Advises Europe To Learn its Deflation Lesson …

In delivering its semiannual status report to the International Monetary Fund's leadership, Japan Saturday included a warning to Europe based on its own experience: don't wait too long to react to any tendency [...]

The “Nice Phase of Minsky's Cycle” | timiacono.com

It's kind of ironic to think of all the time and money that went into all those high frequency trading computers (i.e., the hardware design and the [...]

The Eurozone's (and Japan's) deflation problem | Sam Wilkin

I tend to be bullish on Europe – partly as a corrective to the mass of commentators who too early wrote off the crisis in the Eurozone as irresolvable. This optimism has been justified by the recent run-up in European [...]

Minsky is having another moment | George Cooper

This was not a new insight, both Keynes and Fisher had made the observation previously with, respectively, their 'paradox of thrift' and 'debt deflation ' theories. Minsky just explained that there was also a mirror [...]

Has China's Minsky Moment Has Arrived – Business Insider

After years of booming credit expansion, we're now seeing slower economic growth in China and a rising number of domestic bond defaults. This has prompted many to ask has China's ' Minsky moment' [...]