The Inverse Curves of Consumer Prices

Jeff Yang: Europe, Germany and European CPIs that have been stubbornly high up until recent months now look like they're going to move sharply lower. He says policymakers don't believe it because they aren't able to accurately forecast where these things are going. Even though the markets have been saying interest rates are going lower, the economy is likely in recession and going to get worse, he says.Yang: So we're going to look at why it's prices right now that are more deflation-y than even the labor market or maybe other parts of the rest of the macro economy.

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