Not like anytime I think in most of our lifetimes. IMHO the FED has had little success initiating a reflationary "inflationary" scenario.......10 year under 3.3% may be suggesting that.
There is also an issue for the time being of excess capacity and most businesses have issues with pricing power, there isn't any, the internet also exacerbates that condition.
NIKK back under 10,000, wasn't it 40,000 in 1990? friends that's what an economy looks like after the bursting of a real estate debt bubble....
ROSENBERG ON MISH'S SITE LINK HERE ON GLOBAL DEFLATION
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