Wednesday, April 27, 2016

And as we approach the solemn occasion of the 5th anniversary of the "stagflation" warning...

The ABC reports:
Consumer prices have fallen for the first time since December 2008, with deflation of 0.2 per cent in the March quarter.
The Bureau of Statistics data show inflation was just 1.3 per cent over the past year.
Economists surveyed by Bloomberg has expected inflation for the quarter to come in at 0.2 per cent and 1.7 per cent over the year.
(One) of my earlier posts on the 2011 warning (which has proved to be about as wrong as it could possibly be) by Sinclair Davidson here

Update:   I see today that Sinclair was to be on Andrew Bolt's show on Sky News  last night.   I don't get cable TV, so I wonder whether Andrew asked him what happened to the stagflation warning that he talked about on the Bolt Report nearly 5 years ago.  


Not Trampis said...

good ole Sinkers. Stagflation con only occur if there is a supply side shock and there is a highly regulated labour market.

No matter Davidson is now viewed as a complete economic moron!

Paul Montgomery said...

Don't mention the war.

Steve said...

Speaking of wars, monty, you didn't achieve much in dampening the ludicrous moral panic over transgender and toilets over at Catallaxy. Not that I expected you to; but not sure it was even worth the attempt.