The Global Economy: Is Deflation the Next Macro Story?
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Agree article too long as usual but accept the theme of deflation. To understand deflation just look at the Japanese experience. Governments inflate, the markets deflate. In the end market forces prevail and the result may be deflation like Japan in the 1990s or the US in the 1930s. We have to watch developments and navigate carefully.
The Global Economy: Is Deflation the Next Macro Story? [View article]