In other words, the Fed is throwing everything but the kitchen sink at avoiding a deflationary spiral, and it's doing so more quickly than its counterparts in Tokyo did a decade ago.
Ben Simpfendorfer, China strategist for the Royal Bank of Scotland, puts it succinctly: "Where China was a deflationary influence over the last 10 years, it will be an inflationary .
The result a deflationary bust is evident everywhere.
Kudlow: Are Rising Rates Deflationary? Are rising rates a deflationary event, not a growth event? The Fed cannot be too hasty in tapering its bond purchases.
June 21, 2013 - CNBC
Kudlow: Are Rising Rates a Deflationary Event? As a warning to Ben Bernanke, one could argue that rising rates are a deflationary event, not a growth event. And if the Fed is too hasty in tapering its bond purchases, interest rates may continue to rise for the wrong reasons.
June 21, 2013 - CNBC
Rodrigo de Rato in International Herald Tribune Japan is moving out of long and difficult deflationary circumstances,International Monetary Fund Managing Director Rodrigo de Rato said Saturday. "The best thing Japan can do for the global economy is to keep growing."
Barack Obama in Sky News If we don't act swiftly and boldly, most experts now believe that we could lose millions of jobs next year,Mr Obama said. "We now risk falling into a deflationary spiral that could increase our massive debt even further."