[TigerLikesRooster]

P!

[babble-on]

He is right of course. Deflation is a very debilitating disease for an economy. The notion that prices will decline if one waits to make a purchase has the effect of slamming the brakes on consumption, reducing employment, and causing still more deflation. It is a negative spiral that monetary authorities fear as much as they fear hyperinflation. It’s why central banks usually target low, but positive, rates of inflation, like the ECB’s 2%

[Little Ray]

In other words “We need to steal more money from people who work for a living and save for retirement.”

Screw ‘em. I have some money saved and I’m watching its value drop. I’d rather have deflation.

[central_va]

Inflation is low unless you need to buy food, insurance, fuel, pay taxes or tuition. I think entry level pickup trucks are made out of exotic metals and start out at 30K. But who am I to say they get 22 mpg now. What savings!

Then everything else is hunky dory cheap. If you need to buy a big screen TV your going to be ok and get a great deal, inflation is low then.

[Pelham]

What does Draghi think years of QE by the Fed were trying to do?

[Tolerance Sucks Rocks]

#FAIL