When the Music Stops23rd June 2013

Every time I raise sincere doubts, they have a habit of coming to pass, and to do so pretty quickly. I'm not claiming a track record here, and I'd rather be right about good news, but lets aim to keep the run of fortune running. Having called the trouble in Cyprus (see here) a few weeks before it happened, a fortnight ago I blogged that "...the big debate over inflation versus deflation is not yet concluded, and the powers that be may simply have done a great job of sustaining the