I laughed and laughed and laughed.
We all know about Europe, but what gets less play is India and Singapore. They are at basically 0% inflation too - and you better start paying attention. This is what they are saying about India. Source here.
"WPI inflation presented an even more dramatic picture. The inflation rate for November 2014 over a year ago was precisely zero. One year ago, it was 7.5 per cent. This indicator has been in rapid decline over the past few months, influenced significantly by the fall in oil prices, of course, but also reinforced by trends in food prices.
Now this is what they are saying about Singapore. Source here.
"The inflation rate in Singapore was recorded at -0.30 percent in November of 2014. Inflation Rate in Singapore averaged 2.80 Percent from 1962 until 2014, reaching an all time high of 34 Percent in March of 1974 and a record low of -3.10 Percent in September of 1976."
Why does this matter? These countries actually stayed relatively strong throughout the whole recession. Especially troubling is Singapore. It's really a pretty wealthy country. Although when they started building "living trees" a couple of years ago - you did wonder how close to a Dubai style crash they were.
"WPI inflation presented an even more dramatic picture. The inflation rate for November 2014 over a year ago was precisely zero. One year ago, it was 7.5 per cent. This indicator has been in rapid decline over the past few months, influenced significantly by the fall in oil prices, of course, but also reinforced by trends in food prices.
Now this is what they are saying about Singapore. Source here.
"The inflation rate in Singapore was recorded at -0.30 percent in November of 2014. Inflation Rate in Singapore averaged 2.80 Percent from 1962 until 2014, reaching an all time high of 34 Percent in March of 1974 and a record low of -3.10 Percent in September of 1976."
Why does this matter? These countries actually stayed relatively strong throughout the whole recession. Especially troubling is Singapore. It's really a pretty wealthy country. Although when they started building "living trees" a couple of years ago - you did wonder how close to a Dubai style crash they were.
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