The Future of Inflation

I just can't see a world within which massive stimulus doesn't come over the next 18 months at every level from interest rate cuts to central bank printing of money or whatever however you want to term it and fiscal because that is what these markets are telling us. We've got a tremendous period of weak growth ahead and that in a system so under collateralized versus the amount of loans out there the one thing you can't allow to fall is the price of collateral as then it's game over. I just can't find anybody to give me a data-driven argument why inflation is sticky, he says.