Deflation is haunting global markets

Deflation is haunting global financial markets. The idea that prices, in general, are in a downward track worry everyone from policymakers to investors because it implies over supply or weak demand, neither of which is conducive to economic growth.

Without economic growth, companies and governments start to suffer financially and that impacts employment and debt levels, both of which can trigger further bouts of economic misery.

One month into 2016 and for anyone engaged in financial markets it feels as if a long session inside a turbo-charged tumble dryer.