Wednesday, January 14, 2015

Deflation spreading and money printing

We need to take a close look at spreading deflation. As of November 2014, 12 of the 34 member countries of the OECD show year-over-year deflation with zero or negative CPI changes. 

Also, almost every currency in the world is declining against the US Dollar, it's either because of competitive devaluations against the US Dollar (euro and yen) or declining commodities (Canadian, Australian and New Zealand dollars).