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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July 8, 2010
“Obama and his Cabinet will fan out across the country over the next few days to spread the message to voters about how effective their $787 billion recovery plan has been, an effort they’re calling ‘recovery summer.’” But “negative economic headwinds that have led to worries the economy is at risk of entering a double-dip […]
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