Still Deflation, the GaveKal Price indicator is at -7 the minimum on the scale. It's possible that we see CPI near zero in 2014. I don't see the FED ending QE soon. Why are we in a deflation trap? a)Automation & Technology make it cheaper to produce b)Unemployment is huge c)Excess capacity everywhere I agree with this view. Treasury yields will not go trough the roof.
No comments:
Post a Comment