Relevant:
- Morgan Stanley Predicts Up To A 25% Collapse in Q3 Fixed Income, Currencies and Commds. Revenue
- As Wage-Hike Negotiations Fizzle, Can anything rescue Japan from the abyss?
- U.S. job growth accelerates in June, wages continue to lag (NEVERMIND ADP!)
- Citi: Here Comes a Global Recession
- Goldman faces $2bn loss – its first since 1929
2015-06-17 — gold-eagle.com
Morgan Stanley economists have an outstanding track record. They issued a rare "triple sell signal" for the US stock market in 2007, and the market almost immediately began its worst tumble since 1929. Now, these superb economists are singing my song, which is the song of world reflation. They suggest that "lowflation" will trough in this quarter, and rise six-fold in the richest countries, from 0.3% to 1.7% in 2016.
I think it may rise more than Morgan Stanley's economists suggest, because most US jobs growth has been in low paying sectors like restaurants and bars. Enormous wage hikes are imminent in these sectors, and those hikes should move inflation strongly higher.
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