The Rising Threat of Deflation

by Benjamin Domenech on 9:51 am July 8, 2010

“As we enter the second half of 2010, while markets have been obsessed with Europe’s debt crisis, they have failed to notice potentially more ominous developments. The United States and Europe are heading toward–and Japan already suffers from–deflation, a classic prolonger of crises that boosts the real burden of debt and crushes profit margins.”

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