Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
USA & EU Differences in Monetary Policy
QUESTION: Sir,
In March 2013 Cyprus performed a forced loan through their banking system of about 50%. You have warned that if they do it there, they will do it here. Are trading accounts safe?
Respectfully
DK
ANSWER: The Cyprus event was instigated by Germany’s fixation with its hyperinflation and thus they are fighting that battle whereas the USA is still fighting the Great Depression and deflation. Both of these experiences dictate the policy divergences between the USA and the EU. Thus, the deflation imposed in Cyrus is more likely in Europe than the USA.
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