Down the Japanese path.


A rather ominous graph accompanies a review of the United States economy this week by Mary Daly, vice-president at the Federal Reserve Bank of San Francisco.
19-10-2010 deflationrisk
Japan’s experience beginning in the early 1990s, notes Fsly,  underscores the risk of getting into a long period of sustained disinflation. Japan fell into deflation in the mid-1990s and has yet to recover.

Comments

Popular posts from this blog

Is Scott Morrison getting ahead of Malcolm Turnbull in the GST debate?

Prime Minister Scott Morrison under pressure as the question about knowledge of a rape gets embarrassing

Remembering that Labor only lost last time because of Bill Shorten