Edge Capital Research Team
Fed Swimming in Muddy Water
If inflation is an “always and everywhere a monetary phenomenon,” where is it today? To be sure, there are some naturally occurring deflationary pressures in the global economy. For example, broader information availability allows people to shop online for the lowest cost widget before they buy it. Also, the global economy has a part to play as we become more interconnected today than ever before. The strengthening dollar has suppressed inflation expectations in comparison to other countries. It also seems not all inflation is equal.
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