You don’t have to watch The Daily Show and its occasional snips of CNBC’s poor prognostication to marvel at the economists’ ability to confound us. You need only look at some of the headlines this week alone.
Let’s take deflation and inflation, for example, and the occasional reports of what we should fear. We’ll start today and work our way back.
Fed announcement spurs inflation concern. (Bloomberg)
So long, deflation (Globe and Mail)
Deflation: Too late to stop it when we experience it (American Enterprise Institute)
U.S. inflation rises (Reuters)
Lengthy deflation ahead (American Daily)
Deflation a threat to U.S. economy (Wall St. Journal)
Paul Krugman: U.S., Europe fear deflation risk (Forbes)
Pimco predicts inflation (Bloomberg)