Thursday, February 19, 2009

Playing hard to get

(Let's hope the devil doesn't get lucky, though I fear he will be paid his due.-AM)

Reuters, February 13th : With Japan flirting with deflation, Bank of Japan Governor Masaki Shirakawa joined a growing chorus urging G7 finance leaders to take concrete steps to rescue the worsening global economy., February 11th : China is certainly flirting with deflation.

New York Times, January 17th : “We could potentially be flirting with deflation in 2009,” said Haseeb Ahmed, U.S. economist at JPMorgan Chase, before the consumer-price data were released. “I think it's a real possibility.”

Thompson Financial, January 21st : "We expect retail price inflation to be in negative territory by February, with CPI flirting with deflation by mid-2009,"said Ross Walker, a U.K. economist at Royal Bank of Scotland.

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