(TIP Random)
Price discounting helps move more product but it lowers your real terms of trade (and currency) if you export. Lower petroleum and gas prices also helping the net importer nations of those inputs via resultant increased domestic "velocity" (for current lack of a better word).
Here's a funny part:
...there was still no sign of inflationary pressures. Even with the ECB injecting 60 billion euros a month of new money through its bond-buying programme since March to support growth and inflation, prices rose only 0.1 percent last month.
They will NEVER learn (on their own), they don't have the correct training and/or the cognitive aptitude in systems theory.
REUTERS: Euro zone business growth at four-year high as firms cut prices https://t.co/If9XffduRs
— EveryThingUneed2Know (@Naija_Stuff) November 23, 2015
But doesn't QE make the euro "harder to get?" LOL!!!
ReplyDeleteIf the euro ever goes back up--it could be 10 years from now--Mosler will say he called it.
ReplyDelete