Inflation expectations hit twenty year low

Thursday 13 December 2012

The Westpac Inflation Expectations Survey for December is out and down she goes, falling 0,4% to 1.8%, below GFC levels:

In fact, below pretty much everything in living memory:

We’ve finally washed Ian Macfarlane out of the system!

The internals show the big dump was among increasingly nervous tradies:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.