I like to update this page occasionally with data that informs the inflation deflation debate. I noticed on my Twitter feed this morning a chart on the Eurozone members' inflation rates and lack thereof. Almost half the members have zero or negative Y/Y inflation rates as of September 2014.
Included in my chart mashup are the U.S. and Canadian inflation rates and a long term chart of the CRB CCI Commodities Index which has been dropping since 2011 and down well over 20%. If it retests the March 2009 Pit of Gloom, it will drop another 20-25%.
Dropping commodity prices are an indication of weak aggregate demand for stuff which is what most countries try to export if they don't have the know how to export value added services.
In this global environment of surplus labour, software is going to outperform hardware; ie: brains over brawn. ps... Real Estate is not immune to a price correction when investor's thoughts turn to yield analysis.
History, Charts & Curated Readings
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense