It’s over. With that, I mean the danger of deflation, or low inflation. It is highly likely that inflation will rise in the first months of 2016. Why? It has to do with the oil price, mathematics and the way in which inflation is calculated. 

What a remarkable month it has been in terms of monetary policy! The three most important central banks in the Western world, namely: the U.S. Fed, the European ECB and the British Bank of England, met to discuss interest rate policy. After viewing the accompanying press conferences and press statements, I noticed something remarkable and simultaneously worrisome.... »