Albert Edwards Predicts Deflation Followed By Double-Digit Inflation As "Governments Opt To Default, And Monetization Is Policy Lever of First Resort"

" As if we needed any more confirmation that deflationary pressures continue to prevail and to swamp the broader economy, here is SocGen's Albert Edwards with his most recent (and humorous: we had no clue that the "UK?s ONS statistical office has just decided to throw canned fizzy drinks out of the UK?s CPI basket and replace them with small bottles of mineral water") menu prescriptions for the near- to mid-term future."