By Chris Weber in DailyWealth:

One year ago, in the October 1, 2008 issue of the Weber Global Opportunities Report, I used as a title "The Immediate Danger is Deflation."

My view was, to put it briefly, that the world's central banks can try to inflate as much as they can, by creating money and supplying it to banks. But if banks are afraid to lend it out, or are rebuilding their capital base, and if businesses and consumers are afraid to borrow – and rebuilding their own balance sheets, meaning saving more and spending less – then there is not much that central banks can do.

One year later, I am sorry to see...

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