Forget inflation – deflation is the real danger

MSN-The Telegraph/Ambrose Evans-Pritchard/6-8-20-23

“The global inflation shock of the last two years is over bar the shouting. Legacy effects will generate much noise for a few months but the one-off spike is reversing almost everywhere with an elegant symmetry.”

USAGOLD note:  China is already showing signs of deflation, says Evans-Pritchard – a deflation it is exporting. He says that the pace is quickening in the United States as the Treasury Department borrows heavily in turn pressuring bank reserves and regional lenders.