That would remove the threat of asset inflation - meaning that the Fed could once again safely consider cutting interest rates.
Central banks, complicit in the asset inflation of the 1980's, are now the not wholly deserving beneficiaries of the disinflation of the 1990's.
The Inevitable Collapse The start of asset inflation in the 1980s led to the "bubble economy," with anyone owning land becoming richer by the minute.
Predictably, this led to asset inflation and a major financial crisis.
A point where investment demand outruns potential investment supply, and produce instead asset inflation, or in common terms a bubble.
He said, "If the Clinton Administration is worried about financial asset inflation, it could dampen it by putting a crimp in merger mania."
In part, that was because it never experienced the vertiginous growth or asset inflation of countries like Thailand and South Korea.
We have asset inflation of global proportions.
In the case of Ireland, for example, asset inflation, the price index for houses, went up 1.5% in February.
And asset inflation in Japan is just one result of the Bank of Japan's easy-money environment of the late 1980's.
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