Albert Edwards: China Headed Toward Outright Deflation

At this point most people will acknowledge that Europe is facing the threat of deflation – they might think that the European Central Bank is willing to do what it takes to push inflation back up, but the issue can’t really be ignored. But the focus on just one measure of inflation, consumer price index, may be understating the possibility of deflation elsewhere. Albert Edwards: China’s nominal GDP growth at lowest point since 2008 “The most important economic news over the Easter break was virtually wholly overlooked,” writes Societe General analyst and renowned bear Albert Edwards. “China’s Q1 GDP was…