Euro-region inflation and manufacturing growth unexpectedly slowed in January – another sign of global depression in coming years
Fred Day
Feb. 3, 2007

Japan, America and Euro-zone are in trouble. The manufacturing growth is falling. Inflation is tame and disinflation is taking over. The stagflation has transformed into sector specific deflation. Later the main street deflation will be the name of the game.

Interestingly after a huge main stream media hype, the euro-region inflation and manufacturing growth unexpectedly slowed in January. No one expected it. The economists are rushing back to their drawing boards to gauge what really happened?

Tax increase will be the killer. In America property taxes are going up like never before. In Euro zone it is value added tax that is taking the main center stage. The stealth tax rise worldwide is causing the stagflation to change into deflation.

The global depression is inevitable with such a huge credit driven liquidity bubble in every parts of the world. Borrow and spend is the theme in every part of the world.

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