Deflation in Europe

Eurozone falls into deflation as M3 money supply shrinks.

It appears price levels are falling in Europe and M3 money supply is down 3.7% in May. I wonder how long this deflation will last. This is not a good sign for the European economy.

So what does the future hold? Deflation? Inflation? Hyperinflation? More to come on this tomorrow...Stay Tuned...