Constant's pations

If it's more than 30 minutes old, it's not news. It's a blog.

Friday, September 10, 2004

Deflation: Norway

Near term prices are actually falling, while the 12-month moving average is simply "less positive". Shows why economists drown in a river with an average depth of 4 feet.

It's rearing again. Technically, there's just a "fall in inflation,"...but actually the deflationary forces are keeping a check on inflation. 6 of one, half-a-dozen...or are the eggs broken?