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Recent Posts

Deflation Case Study: United Kingdom

I have repeated the work of earlier case studies in this case turning my attention to the UK (please read earlier posts for an explanation about M3 Inflation). The graph is a comparison of my measure of inflation with the official CPI measure of inflation.  The first thing that is apparent from the graph is that [...]

Deflation Case Study: Japan

Welcome to 2011, Deflationite readers.

Lets kick off the new year by having a look at the darling of deflation, Japan. Much has been written about the malaise that has hung over Japan for two decades. I’m not going to repeat much of it.

Essentially when talking about deflation in Japan every analyst simply talks about CPI [...]

Australia: Defying the Precipice

It has been eight months since the blog post, Australia: On the Precipice time enough for an update. At the time of writing that article I was making a prediction that money supply growth would reach negative territory by mid year, based on trends emerging last last year. This has not eventuated, as you can see by [...]

M3 Inflation and Ireland: Deflation Sets In

My thought bubble on M3 Inflation is going to be developed further as time goes on. The basic premise is that the annual growth rate of money supply (M3) minus the amount money can earn in a year (short term interest rates) will approximate a ‘true’ measure of inflation/deflation. This type of measure is needed [...]

M3 Inflation and the Gold Price

In a recent post  an alternative proxy of inflation was created which was very basic in concept. Basically the idea was that the annual growth in money supply minus short term interest rates would represent the general level of inflation and deflation in an economy. The argument is that the annual growth rate in money [...]