MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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Is the Fed Trying to Bring Inflation Down?
The Fed told us that they are determined to bring inflation down to 2 percent now we already accepted as an axiom that nothing they do will affect inflation for one to two years so by the time inflation starts coming down they will see actually inflation coming down as a legging indicator. If real wages go up that consumers will continue being in good shape people talk about credit impulse and various other indications showing the balance sheets are still strong which is a counter argument.
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