Albert Edwards on the Japanification of the United States, Plus Hard to Believe, Deflation, and the Sad Truth

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.

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