According to Centre for Economic Policy Research in London, GDP in the Eurozone fell by .32 per cent in September. At the same time inflation remains higher than "mandated" ECB goals. Will the ECB prioritize growth over inflation and print more money? (Actually I believe 3% inflation in developed economies is necessary to fund growth in developing nations - and a little inflation would also force investors sitting on hordes of Capital to invest...) It is unlikely European governments will reign in on spending - unless faced with insolvency - so I do not expect any effective policies coming out of Brussels...
Smells like STAGFLATION to me...
Smells like STAGFLATION to me...
"I believe 3% inflation in developed economies is necessary to fund growth in developing nations ..."
ReplyDeleteI believe growth in developing nations is THEIR OWN BUSINESS, and that the business of my central bank and congress is to worry about OUR economy and not the economy of other nations.
and i believe the orld economy and the free wolrd needs a strong america which requires a strong economy.
a weaker us economy and a weaker us military is a GOAL of the left and they want other nations to get "a bigger share" - as if global wealth could be redistributed, but all that really happens is that we all get poorer and less free.