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At least prices are now rising more slowly — what’s called disinflation.
Jesus Christ, I can't even with these fucks. These fuckers spend their time trying to define away everything inconvenient to them.
“Although lower prices may seem like a good thing,’’ Banco de España, the Spanish central bank, says on its website, “deflation can in fact be highly damaging to the economy.’’
How so? Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later?
A fucking child has a better understanding of economic crises than these morons. They get paid 6 figures, if not millions to waffle on about completely wrong nonsense. They should lose all their money and be forced to "bootstrap" themselves out of homeless and extreme poverty, give them a bit of fucking perspective.