Commentary: World divides into ice-cold and red-hot economies
By Andy Xie; Caixin Online
Let me write the conclusions first: Inflation, not deflation, will dominate the global economy. The deflation scare causes the central banks in the developed economies to sustain a loose monetary policy. It will fuel inflation in emerging economies. Through trade, currency markets, and ultimately inflationary expectations, inflation will hit developed economies.
http://www.marketwatch.com/story/inflation-not-deflation-mr-bernanke-2010-08-22
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