Loan Demand, Money Growth Plunge In EU. Inflation Loiters

As a matter of course, I employ sarcastic derision to document new evidence that inflation remains "unexpectedly" persistent across developed economies. Part of the joke is the number of times I have to employ it. How many times can inflation come in higher than consensus before it isn't "unexpected" or a "surprise" anymore? By now, though, the joke's exhausted. The only thing market observers are less surprised by than incremental evidence of persistent inflation is economists' penchant for h