Again from the Bank for International Settlements in its latest quarterly report
- Says low inflation is a "trillion dollar" question
Inflation low despite
- a pick-up in global growth
- Continued monetary stimulus
The low borrowing rates & rare simultaneous expansion of advanced and developing economies are driving financial markets higher, with signs of "exuberance" starting to re-emerge.
More here: Muted inflation a trillion-dollar puzzle, says BIS
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If its any help, I am not feeling exuberant at all. That may be just because of Monday, but still.
