2008 had one of the top 5 or 6 peaks of inflation over the past century!
So not sure how you're deducing there was no inflation. The deflationary spiral happened AFTER the bank bailout.
So not sure how you're deducing there was no inflation. The deflationary spiral happened AFTER the bank bailout.
More like the 9th or 10th, but nonetheless I see what you're talking about with the summer 2008 oil spike. The problem with this analysis is that a deflationary spiral is really more about price jerk than inflation itself. In other words, the rate at which inflation is changing is the bigger concern than the inflation rate itself.
> So not sure how you're deducing there was no inflation.
This is a strawman you've entirely made up, so I won't respond to this portion.
> More like the 9th or 10th
I think you just did.