Another Step Closer To Deflation

[IC1967]

UK inflation falls to 1.9% in January. Deflation is on its way. Despite the government and BoE colluding to keep inflation high to inflate away the debt, it has fallen below the target 2%. This is because we have an ageing population and they are powerless to resist this demographic time bomb.

Don't moan when you get caught out as you have been given plenty of warning.

http://www.bbc.co.uk/news/business-26239631

[IC1967]

After the excellent prediction of a Tory majority here's another one that's come to pass.

http://www.bbc.co.uk/news/business-32793481

Get in.

[BobG]

Talking to yourself once again Mick I see. Sad. Very sad.

BobG

[wilts rover]

After the excellent prediction of a Tory majority here's another one that's come to pass.

http://www.bbc.co.uk/news/business-32793481

Get in.

Good to see that from the quote in your own link you are ruling yourself out as a serious economist. We all knew that anyway but good of you to confirm it:

However many of those who define themselves as "serious economists" (that's not me, by the way - I'm a hack) are desperately anxious that I and you don't use the "d" word - for two reasons.

One is that they say proper deflation is a long term term trend of declining prices, and they believe - almost certainly correctly - that these current price falls won't endure much more than a month or two.

The other is that proper deflation is pernicious: if we believed that prices were set to fall month after relentless month, we would spend less - in the hope of picking up bargains later - and our bosses would pay us less.
http://www.bbc.co.uk/news/business-32793481

[IC1967]

After the excellent prediction of a Tory majority here's another one that's come to pass.

http://www.bbc.co.uk/news/business-32793481

Get in.

Good to see that from the quote in your own link you are ruling yourself out as a serious economist. We all knew that anyway but good of you to confirm it:

However many of those who define themselves as "serious economists" (that's not me, by the way - I'm a hack) are desperately anxious that I and you don't use the "d" word - for two reasons.

One is that they say proper deflation is a long term term trend of declining prices, and they believe - almost certainly correctly - that these current price falls won't endure much more than a month or two.

The other is that proper deflation is pernicious: if we believed that prices were set to fall month after relentless month, we would spend less - in the hope of picking up bargains later - and our bosses would pay us less.
http://www.bbc.co.uk/news/business-32793481

I don't know how you work that one out. I consider myself to be the best economist in the world. I can't think of one economist that was predicting deflation when I did. I also correctly predicted it for the Eurozone.

Nearly all economists don't realise that it is an ageing society that is driving deflation. Not oil, food prices etc. They are almost unanimous in ignoring demographics in their flawed predictions.

[wilts rover]

After the excellent prediction of a Tory majority here's another one that's come to pass.

http://www.bbc.co.uk/news/business-32793481

Get in.

Good to see that from the quote in your own link you are ruling yourself out as a serious economist. We all knew that anyway but good of you to confirm it:

However many of those who define themselves as "serious economists" (that's not me, by the way - I'm a hack) are desperately anxious that I and you don't use the "d" word - for two reasons.

One is that they say proper deflation is a long term term trend of declining prices, and they believe - almost certainly correctly - that these current price falls won't endure much more than a month or two.

The other is that proper deflation is pernicious: if we believed that prices were set to fall month after relentless month, we would spend less - in the hope of picking up bargains later - and our bosses would pay us less.
http://www.bbc.co.uk/news/business-32793481

I don't know how you work that one out. I consider myself to be the best economist in the world. I can't think of one economist that was predicting deflation when I did. I also correctly predicted it for the Eurozone.

Nearly all economists don't realise that it is an ageing society that is driving deflation. Not oil, food prices etc. They are almost unanimous in ignoring demographics in their flawed predictions.

It's there in the quote - serious economists believe anyone who uses the word deflation for the current scenario is not a serious economist, therefore....