Krugman: Danger Of An American Lost Decade Remains Quite Real

Our chart of the day yesterday showed how inflation was on life support, based on the latest consumer price index data. Paul Krugman agrees, and then some.

New York Times:

The core rate is now clearly below 1 per cent; it’s not hard to see Japan-style deflation emerging if the economy stays weak.

The danger of a lost decade remains quite real.

chart

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