Deflation Stalks Japan.Resentment Raises Before G20

[Stuart G]

Source: Yahoo News, Reuters

By Tetsushi Kajimoto and Brian Rohan Tetsushi Kajimoto And Brian Rohan – 30 mins ago

TOKYO/BERLIN (Reuters) – Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.

But in the United States the talk was of inflation rather than deflation. The measure of core prices was at the high end of expectations while consumer spending rose for a second straight month in February, government data showed.

Policymakers from the Group of 20 leading wealthy and developing nations will also plan tougher regulations to ensure that mistakes that led to the banking crisis are not repeated.

But resentment is rising about how catastrophic errors in the boardrooms of the West are hurting the poor. Brazil's president attacked "irrational behavior of white and blue-eyed people" and thousands are expected to protest before the G20 meeting in London, demanding politicians "Put People First."

Read more: http://news.yahoo.com/s/nm/20090327/bs_nm/us_financial_4

[BeFree]

1. Uh-oh

We've been singled out.

"white and blue eyed people.."

White and blue eyed folks, face it, we're the new minority. What our people have done is gonna be some bad karma if we don't straighten up and fly right from here on. We have been warned.

[xchrom]

2. recommend -- Put People First. nt

[formercia]

3. "inflation in Europe slid closer to zero, underlining a threat"

"to the World economy."

This is the crux of the problem, a World economy based on inflation.

What's wrong with zero inflation?