The global inflation picture hasn’t changed much in recent months. As the global economy grows sluggishly inflation rates seem to be flatlining. In fact, in many of the largest economies the rate of inflation is slowing. The latest readings in the USA, China, UK and EMU all showed slowing rates of inflation with the EMU and USA at just 1.3% and 1.5% year over year. Not only have central banks failed to generate any inflation through their various policies, but they’ve also failed to bring about substantive changes in the employment picture.
Chart via Orcam Research:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.