'..the Next 30 Years: “Everything is Deflationary”..'

<blockquote>'I agree with Steen that the trends are deflationary from a CPI perspective.

Compare the GMO 7-Year returns estimate to the John Bogle view. I believe GMO has this correct.

Public pensions are in serious trouble even on the more optimistic view.

Credit Impulse

Pay close attention to the global credit impulse chart. Credit impulse is the “Rate of Change of Change” of global credit creation/QE.'

- Mike “Mish” Shedlock, Steen Jakobsen on the Next 30 Years: “Everything is Deflationary”, July 26, 2017</blockquote>


Context

<blockquote>'..zombie companies holding back the economy.' - '..a 30-year bear market..'

Zombie Corporations Litter Europe, Kept Alive by ECB, July 29, 2017

Why “Credit Impulse” Matters to You, June 21, 2017


Daily Notes 2017/4: The Global Credit Impulse, June 16, 2017</blockquote>