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Eurozone Falls Into Deflation; ECB About to Do Something Stupid


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2015 Jan 7, 11:37am   2,240 views  5 comments

by Mish   ➕follow (3)   💰tip   ignore  

Eurozone Falls Into Deflation, But Energy Accounts for All of the Decline; ECB About to Do Something Stupid
http://globaleconomicanalysis.blogspot.com/2015/01/eurozone-falls-into-deflation-but.html
Mish

#eurozone

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1   Peter P   2015 Jan 7, 1:37pm  

They need more exciting products to look forward to. What about the iWatch?

Europeans must learn to buy more crap. Then they will have to buy bigger homes to store the crap. Deflation solved.

2   EBGuy   2015 Jan 7, 1:55pm  

Can't wait for the European shopkeepers to start accepting US dollars.

3   Heraclitusstudent   2015 Jan 7, 1:59pm  

anonymous says

It sounds at first like a crazy thought experiment: One morning, every resident of the euro zone comes home to find a check in their mailbox worth over €500 euros ($597) and possibly as much as €3,000. A gift, just like that, sent by the European Central Bank (ECB) in Frankfurt.

That's what I said they should do long ago. Don't create more debt, that's just stupid. Give cash. The same amount to every person.

You can do that periodically until China's inflation bring their prices at Europe's level.

4   Blurtman   2015 Jan 7, 7:16pm  

No, no, no. Keeping money out of the hands of the 99% is what keeps inflation under control. Putting money in the hands of the 1% may cause asset inflation, but that is OK.

5   zzyzzx   2015 Jan 8, 8:06am  

Having an Italian in charge of the ECB is extra extra stupid. Will a Greek or Portuguese be next?

More importantly, at what point (probably this year) will the Euro reach parity with the dollar (or go below $1 per Euro), and how can I make money off of this.

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