UK inflation negative for the first time since 1960.
By now everyone must understands deflation is not the best thing next to jellybeans. Right? If I heard that meme again I thought my brain would explode. The negatives outweigh the positives. It's like no one payed attention to what happened during the recession at all! It took four years to escape the deflationary spiral. Things didn't start picking up until 2013.
So this bit of news is especially concerning considering the ECB has printed a ton of money to stop this a cycle that most people don't think exists.
No matter. What it means to us is a stronger dollar. Lower oil. Carnage continues.
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