from King World News
Today former Global Strategist at Société Générale Albert Edwards discussed the Japanification of the United States. Plus a look at hard to believe, deflation, and the sad truth.
October 8 (King World News) – Frederik Ducrozet, Global Macro Strategist: ECB accounts quoting Philip Lane on inflation: “While temporary factors had distorted the August figure, underlying price pressures had likely weakened owing to subdued demand and significant labour market slack.” Voilà. Also Lane: “there was a clear risk that the negative shock to the path of inflation as a result of the pandemic could give rise to a renewed downward trend in inflation expectations.” Voilà voilà.