The Art of Being Wrong

The link to the above article is a a reprint ,of a reprint, from The Age.

Forecasters are now telling us we are in for an extended period of low inflation, and low interest rates. Just like their counterparts in late 19c. Bayer Pharmaceutical, they have it wrong.

Read this well informed article to understand why the upcoming cycle is likely to be stagflationary (like the 70's) rather than deflationary (like the 30's). Just as severe and unpleasant, but slightly more Weimar flavoured.