Get ready to hear a lot of talk about falling in-flation this summer and then another whiff of de-flation as the big year-over-year energy price increases fade from the consumer price data. They’re already seeing lower inflation in the U.K. as discussed on CNBC earlier today.
Of course, this will provide convenient cover for Western central bankers to crank up the printing presses as the economic “recovery” stalls and the citizenry continue to reject the Keynesian cure of even higher budget deficits to fund government spending.
