Asia is threatening to get quiet (er) on us, so here is a bit of background while we await Europe
- Leading central banks plan to withdraw some of the stimulus measures they have put in place since the financial crisis.
- But their timing seems a little puzzling: Inflation, which is already below their targets, is falling world-wide.
- The decline in inflation is a mystery since the global economy appears to be growing at a faster pace than during recent years, while unemployment rates continue to edge lower.
Its worth getting a handle on this conundrum as headlines saying not to pull back on stimulus while inflation is low will continue, and at least you'll know what they are on about.
The Journal is gated, but I reckon it'll pop up somewhere else ... I'll keep an eye out.
