Should Stock Markets Fear Inflation or Deflation?

You can’t go ten minutes on financial media these days without coming across a reference to inflation. That is, consumer price inflation to be more exact — the measurement of changes in the prices of consumer goods and services that the entire world has been hoodwinked by central banks into thinking is the definition of inflation. The proper definition of inflation is the expansion of money and credit in an economy. On that definition, most major economies have been experiencing high inflation for decades.