Inflation is dead

Inflation is dead. R.I.P., inflation. You had a good run, but it's over now that prices are rising less than 1 percent in the United States, United Kingdom, Europe, China, and Japan. You can see that in the chart (attached): outside of Europe, inflation was between 1.5 and 2.5 percent before crude collapsed, and it fell below 1 percent everywhere. Put it all together, and you get falling demand that's turning into falling inflation. Central banks, for their part, are trying to push prices up by pushing interest rates down even below zero, but it hasn't been enough so far. At some point, if they really, really want to, they should be able to revive inflation - after all, they can print as much money as they want - but for now it's dead. (VIEW LINK)