[InterceptPoint]

“We have global stagnation, a virtual global recession. And we have virtually no inflation,” he said “Something’s got to change here,” he said.
++++
Virtually no inflation!!!

I stopped right there. Just couldn’t get past that one.

[ConservativeMind]

Sadly, with the FED using “baskets of substitutable goods” to determine cost of living, it looks like there has been no increases in costs because its believed that goods in the previous year's basket (like hamburger) are passed by for a full substitute (i.e.-dog food).