Joined 13 years ago
Eventually went pure D3.
Edit: I was a UW co-op student and did all my terms in Waterloo.
Haven't been able to find any comments that mention the API, so I'm hopeful it will be a transparent switch.
The Fed has a target of 2% inflation. Krugman makes good arguments that the target should be 4%.
Meanwhile the Fed is talking about raising interest rates later this year (which is deflationary).
There are two clearly different views forming and it will be interesting to see how it plays out.
Canada has a target 'between 1 and 3%' and our core is currently sitting at 2.1%. We just had a interest rate decrease.
Some recent comments from Krugman about why we didn't see deflation during the recent recession:
http://krugman.blogs.nytimes.com/2015/03/31/missing-deflatio...
