Don't be confused by the rhetoric you read and see in the media. We are definitely in a deflationary spiral. Who says so? And what data are you looking at?
Let's read a few quotes from leading traders and analysts:
- Nobel laureate Joseph Stiglitz said: "Deflation is definitely a threat right now."
- Charles Evans, Federal Reserve bank president says: "Disinflationary winds are blowing with gale force effect."
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