Macro and Credit – Volition
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Prices want to fall but borrowers won’t let them – The credit crisis of 2007-08 then tipped this trend towards lower inflation into potential outright deflation by crushing global demand. Demand has not fully recovered, especially in Europe but also.
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Macronomics: 2017 – Volition or will is the cognitive process by which an individual decides on and commits to a particular course of action such as the normalization process undertaken by the Fed. It is defined as purposive striving and is one of the primary human psychological functions. volition means the power to make your own choices or decisions.
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