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Since the Federal reserve and just about every Western country tried to reflate us out of the 2008 depression, there have been many people crying INFLATION.
Inflation creates a specifically strong reaction amongst many (older) people who’s parents or grandparents were ravaged by inflation during the middle of the 20th century or who bore the brunt of inflation in the 1970s. … Read more
Investment company Pacific Investment Management Co., (Pimco) recently gathered a range of major political and economic heavy weights to think through the future. They popularized the term “new normal” to describe an era of below-average economic growth following the 2007-08 Global financial crisis, says that period is gradually entering a new phase. Economic growth globally will be converging toward lower, yet more stable top speeds and central bank interest rates will remain stuck below their pre-crisis equilibrium in a “new neutral,” outlining the firm’s expectations for the next three to five years.… Read more